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5 Cove Avenue, Norwalk CT 06855

Current Price: $1,300,000

4 beds 3 baths 3600 sq. ft

Last Update: 9/7/2024

Property Type: Multi-Family For Sale

Public Remarks

Mint condition commercial use/multi family home in the heart of the East Norwalk harbor community. Completely rebuilt in 1999 with many brand new systems between 2020-2022. Easy stroll to everything: water/harbor/boat docks, restaurants, shops, parks and more. Total East Norwalk lifestyle! The main house features two huge 2 bedroom apartments. Both on separate utilities including central air. First floor apartment also offers an additional room--ideal for home office. An expanded detached garage features a business set-up with heated and A/C workshop, two upper level office spaces with powder room and 2-bay garage. This set up is ideal for just about any business that needs both work and office space. The commercial space may possibly be modified for 3rd residential rental--Buyer and buyer agent due diligence for that possibility. So many special features in this unique investment opportunity. It also has an EV electric charging hook-up. Note: Current rents are significantly under value. Currently NOT in a flood zone. There is a prospective tenant for commercial space willing to have a conversation with a potential buyer who may be interested in negotiating a fair price for the garage prior to buying the property.

Map to Property at 5 Cove Avenue, Norwalk CT 06855


First Street to Cove Ave.

Residential Property Information for 5 Cove Avenue, Norwalk CT 06855

MLS #: 24030368

Style: Units on different Floors

Color: Grey

Total Rooms:

Bedrooms: 4

Bathrooms: 3

Acres: 0.17

Year Built: 1930 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $13,005

Zoning: NB

Mil Rate:

Assessed Value: $576,540 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 3600; below grade sq feet total is ; total sq ft is 3600

Features
Laundry Location & Info:   In each unit, but not in office/workshop
Fireplaces: 0
Basement Desc.: Full,Unfinished,Storage
Exterior Siding: Vinyl Siding
Exterior Features: Deck
Foundation: Stone
Roof: Asphalt Shingle
Parking Spaces: 2
Driveway Type: Asphalt
Garage/Parking Type: Detached Garage,Paved,Off Street Parking,Driveway
Swimming Pool: 0
Waterfront Feat.: Walk to Water,Water Community
Lot Description: Level Lot
Nearby Amenities: Park,Public Rec Facilities
In Flood Zone: 0
Occupied: Tenant
Utility Information

Hot Water System 40 Gallon Tank

Heat Type: Hot Air

Fueled By: Natural Gas.

Cooling: Central Air

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Marvin

Intermediate:

Middle: Nathan Hale

High School: Norwalk

Marketing History

Current List Price: $1,300,000

Original List Price: $1,300,000

DOM: 59

Listing Date: 7/5/2024

Last Updated: 7/10/2024 4:05:03 AM

Expected Active Date: 7/10/2024