22 1/2 Walter Ave, Norwalk, CT 06851

For more information on this property, contact William Raveis Real Estate, Mortgage & Insurance at 1-888-699-8876 or contact@raveis.com. Great opportunity for small investor. 8 individual condominium units. 7 one BR & one two BR unit and 6 garages.6 units and 6 garages at 1 Walter Ave right off off Westport Ave and 2 one bedroom units in the heart of SONO at 49 Day St.Extremely well maintained complexes and it is in turnkey condition. Units are fully rented, all renters pay on time and great upside on the rents. Net operating income at $70,000 (actual) and $85,000 (pro forma). Gross Annualized rent $129,960 and Pro Forma at $145,500. Total opertng expenses $60,286, Net opertng income: $69,674Priced to sell at over 7% cap rate on an actual base. Total sqft is for the 8 units.Financing available at Peoples United Bank ( current units financed by them)