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Sold over 1 year ago

$1,700,000

5+ bd 4+ ba 6558 sqft

68 Wilton Ave, Norwalk, CT 06851

Residential SFR Occupied

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

6 Unit - Huge Upside

Lucrative investment opportunity located in the heart of Norwalk, CT! This meticulously maintained 6-unit multi-building offers modern comfort and strong investment potential.
An Opportunity to realize significant upside potential of this property, bolstered by its strong rental history and impeccable maintenance by the original owners, who built theaddition duplex on site in 2003 and managed the property with care. The townhouse-style units offer spacious living areas, modern amenities and full basements.
All units are separately metered, ensuring efficient utility management for both landlords and tenants. Each unit is equipped with central air, its own furnace, and water heater,providing individualized comfort and control. Onsite coin-op laundry facilities further enhance tenant convenience.
Enjoy the convenience of ample off-street, dedicated parking available on-site, ensuring hassle-free accessibility for tenants. With easy access to Route 8 and strategicallylocated between the Merritt Parkway and I-95, commuting becomes effortless for residents. Additionally, the property's proximity to the bus line enhances transportationaccessibility for tenants. Located in Opportunity Zone Census Track 434.

Location:

68 Wilton Ave, Norwalk, CT 06851

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.