18 Lawrence Street, Norwalk, CT

$689,000

5 Beds

3 Baths

3 full

1976 SqFt

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

Property Details

Property Type Residential Multi Family
Mls # 24179186
LotSize 0.14 acres
Property Subtype Other
Year Built 1916
Cooling Systems window unit(s)
Heating Fuels natural gas,hot water(heating)
Num Of Floors 0
Has Patio 1

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Dean Papadopoulos
Realtor
Realty ONE Group Connect
  • Norwalk, CT
  • Phone: 2039802509
  • Office : 2035901111
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Dean was amazing. Very knowledgeable and responsive to all our needs. He made the process of purchasing our home so easy and flawless. He answered our questions within a reasonable time and gave us...

Read more 04/05/2024 - user9504173
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Dean understood the assignment.Communication was 100% & the process couldn’t have been more effortless besides everything taken care of in a timely manner.We are so grateful for your time, effort &...

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Dean not only helped rent our home but also sold our home for above asking price - he went above and beyond to ensure the deal went through even when it took several months and was a very complicated...

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Dean helped me find the perfect buyers for my home back in 2016 and then found my perfect replacement. He gets to know you as a person and matches you with what he knows will make your heart happy....

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Dean found us our dream home!! Buying a home is something I never thought I’d be able to do especially in this post Covid crazy time we live in. Dean made the whole process incredibly smooth from...

Read more 04/20/2022 - e koukides423
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Thank you Dean for making the selling of our home a smooth process! When it came to negotiations, he really went to bat for us and we are extremely grateful of how fast and smooth the offer...

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