For Sale
$1,350,000

34 & 34.5 Benedict St Norwalk, CT 06850

Three-unit property, renovated, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional multifamily investment opportunity in Norwalk, Connecticut, presents a rare chance to acquire two side-by-side properties at 34 and 34.5 Benedict Street, zip code 06850, located in Fairfield County. The property consists of three units totaling 1,439 to 1,746 square feet. One unit is a three-bedroom single-family home, while the other is a four-bedroom two-family home. Significant improvements have been made within the last six years, including a complete interior remodel of all units. Upgrades feature new flooring, fresh paint, granite countertops, stainless steel appliances, and in-unit washer/dryer hookups. Each unit also benefits from individual split unit heating and air conditioning systems. Furthermore, the property boasts recently replaced siding and roofing (within the last two years), ensuring long-term durability and reduced maintenance costs. A detached garage is included and currently rented, providing additional income potential. Currently, the units are rented below market value, presenting a significant opportunity to increase cash flow. This property offers a compelling combination of immediate income generation and substantial value-add potential. The immaculate condition of the units and the recent upgrades make this an attractive investment for discerning buyers.

Highlights

  • $1,350,000 asking price for a three-unit multifamily property.
  • Located at 34 & 34.5 Benedict Street, Norwalk, CT 06850.
  • Features a 3-bedroom single-family home and a 4-bedroom two-family home.
  • Recent improvements include new siding, roof, and complete unit renovations.
  • Equipped with split unit heating and air conditioning.
  • Offers below-market rents and a detached garage with rental income.

Property Details for 34 & 34.5 Benedict St

Property type
Commercial real estate
Square Feet
1,439 SF
Units
3

Location Insight

City
Norwalk
County
Fairfield
State
Connecticut
Latitude
41.1126645
Longitude
-73.4304547

FAQs

What type of property is this?
Commercial real estate - Three-unit property, renovated, high potential.
Where is the commercial real estate located?
The property is located at 34 & 34.5 Benedict St Norwalk, CT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: $1,350,000 asking price for a three-unit multifamily property.; Located at 34 & 34.5 Benedict Street, Norwalk, CT 06850.; Features a 3-bedroom single-family home and a 4-bedroom two-family home.
How can I contact the broker?
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34 & 34.5 Benedict St
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