18 Murray Street
Norwalk Connecticut

Description:

A 2-family investment property with 2,048 square feet and a freestanding 2-car garage on 0.29 acres. Located in the desirable Wolfpit neighborhood, this property is one of the few in the area zoned for multifamily use. It is fully leased, generating $5,638 in monthly gross rents, totaling $69,420 annually, with an estimated net operating income (NOI) of $49,726. The property benefits from assumable debt at a 4.125% fixed interest rate, offering a compelling investment opportunity in a high-interest rate environment. The property has undergone significant upgrades, including kitchen and bathroom renovations, landscaping, and improved pathways. The well-maintained units are occupied by high-income tenants and benefit from ample parking. Additional income is earned from leasing the garage partially. The property's location provides easy access to local favorites and cultural destinations. 18 Murray Street is ideal for both first-time and experienced investors looking to expand their portfolio with a turnkey asset.

Listing Courtesy of Michael Church