18 Lawrence Street
Norwalk, Connecticut

Description:

Legal 2-Family Property in the heart of SONO. Great for owner occupied OR strictly investment. ALL utilities separate. Natural Gas heat/hot water + SNEW electric/water keep utilities LOW. City water/City sewer. Conveniently located just minutes from Washington Street shops/restaurants, SONO Collection Mall, Veterans Park (Oyster Festival), Maritime Aquarium & MORE! Commuter friendly! South & East Norwalk Train Stations + I95/Rt 7 nearby. Unit 1 recently updated & includes 1 spacious bedroom, 1 full bathroom with stand up shower, living room, dining area & EIK ($1,900/month). Very light & bright and faces the front of Lawrence St + front patio. Unit 1 washer/dryer + storage in basement. Laundry belongs to owner. Basement clean and dry. All mechanicals newer & annually serviced since owner purchased 2021. 1st FL Hot water heater 2025. Unit 2 has 2- level living. Second FL has 2 bedrooms, 1 full bathroom, living room, dining area kitchen +rear balcony. Upper level has 2 additional bedrooms & full bathroom + balcony to enter exit from rear. Unit 2 also uses basement for storage & takes care of landscaping. Interior/Exterior access to basement. *Unit 1 rent $1,900/month market value* *Unit 2 rent $3,100/month is currently BELOW market value. Based on rents in the area a 4 bed 2 bath should be rented between $3,800-$4,000. *Exenses - Taxes/Sewer $8,616 - Insurance/Flood $5,260 - Water - $800-1,000/year *Can likely find cheaper insurance* Based on potential rents - 8.1% CAP

Listing Courtesy of Realty ONE Group Connect