***RARE - 9 UNITS - HUGE PARKING LOT - 3 BLOCKS FROM TRAIN - SOUTH NORWALK - 8.75% CAP RATE W TREMENDOUS POTENTIAL TO INCREASE- MONTH TO MONTH BELOW MARKET RENTS*** 2 buildings: 11 BOUNTON ST = 5 units: (1) 4 BR, (3) 3 BR's all with laundry hookups in units, (1) 2 BR. The building's updates include: 5 new gas high efficiency combi boiler wall units supplying both heat and hot water, sump pump, 40% new roof, electrical, plumbing, 3 new kitchens w appliances and baths along with interior finishes. The other 2 units are in good condition with long term tenants. 1 CLIFF ST = 4 units which are all 2 BR's with 2 units having laundry hookups. Some of the buildings updates include: gas boilers and hot water tanks, sump pump, 30% new siding, 2 of the units completely updated with the other 2 being in good condition (1 new kitchen and 1 new bath), having a long term tenants. All tenants are month to month and in good standing. An additional $800/month is collected for parking. Located close to shopping including the new mall, bus stop (1 block), train (3 blocks), marina, parks, highways and much more!
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