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42 Bouton Street E

Norwalk, CT 06854
  • $1,399,000
  • STATUS: Active Under Contract
  • ON SITE: 370 Days
  • MLS #: 170525490
Under Contract
UPDATED: 178 min ago
$1,399,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,887
    SQFT
  • $177
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1990
County:
Area:

School Ratings & Info

Description

Great investment opportunity or potential for a user i.e. landscapers, contractors and light manufacturing. Fully rented with Net Income of $89,000. 8.0% CAP RATE BASED ON PRO-FORMA. Cabinet shop occupies the warehouse space. Lease expires in six-months and tenant can vacate. Separate three-family dwelling. All three apartments were remodeled in 2001. Access to three-family is limited to serious buyers. Apartments rents are below market.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc. Data last updated: 2023-09-29T00:10:17.24.
www.nextlvlteam.com/homes/133352425
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42 Bouton Street E Norwalk, CT 06854

  • Price: $1,399,000
  • Status: Active Under Contract
  • On Site: 370 Days
  • Updated: 178 min ago
  • MLS #: 170525490
0
Beds
0
Baths
0
½ Baths
0.21
Acres
7,887
SQFT
$177
$/SQFT
1990
Built
Neighborhood:
South Norwalk
County:
Fairfield
Area:
Norwalk
Property Description
Great investment opportunity or potential for a user i.e. landscapers, contractors and light manufacturing. Fully rented with Net Income of $89,000. 8.0% CAP RATE BASED ON PRO-FORMA. Cabinet shop occupies the warehouse space. Lease expires in six-months and tenant can vacate. Separate three-family dwelling. All three apartments were remodeled in 2001. Access to three-family is limited to serious buyers. Apartments rents are below market.
Exterior Features

Exterior Features Doors - 10-15 FtLightingStorage Building Garage And Parking PavedDrivewayParking Lot Lot Description Corner Lot Parking Spaces Covered 0 Parking Spaces Uncovered 8 Parking Total Spaces 8 Road Frontage Approximate 125 Road Frontage Description Paved Road Roof Information Built Up Traffic Count 0

Interior Features

Ceiling Height 18 Cooling System Central AirWall Unit Flooring Concrete Heat Type Hot Air Interior Features Loading - GradePublic Restrooms Number Of Docks 0 Number Of Overhead Doors 2 Number Of Restrooms 1 Sq Ft Industrial 5118 Sq Ft Residential 2769 Sq Ft Retail 0 Sq Ft Total 7887 Sq Ft Warehouse 0

Property Features

Ada Compliant YN No Additional Space Available YN No Agent Owner YN No Bank Owned Property No Business Included YN No Complex N/A Elevation Certificate YN No Financing Used Conventional Fixed Flood Zone YN No Foundation Type Block Gross Annual Expense 19973 Gross Annual Income 109200 Heat Fuel Type Natural Gas Location Highway AccessUrbanShopping Mall Net Operating Income 89227 Number Of Tenants 5 Potential Short Sale No Potential Use Industrial And 3 Fam Present Use Industrial And 3 Fam Sewage System Public Sewer Connected Sewer Usage Fee Annual 1947 Subdividable YN No Total Number Of Units 4 Under Agreement Yn No Utilities Available ElectricGasTelephoneCable Water Source Public Water Connected Zoning I1

Listing information © 2023 Smart MLS
Listing provided courtesy of Jeffrey Byington of Berkshire Hathaway Ne Prop.: (203) 227-5117.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc. Data last updated: 2023-09-29T00:10:17.24.
 
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212 Route 32
Uncasville CT, 06382