NOT LISTED FOR SALE

7 Grove St Norwalk, CT 06854

South Norwalk Neighborhood
12 Beds
5 Baths
3,850 Sq Ft
5,663 Sq Ft Lot

Last Sold April 10, 2024

Last sale price $1,475,000 $383 Per Sq Ft

31 Days on Market

Highlights

  • Beach Access
  • Property is near public transit
  • Public Transportation
  • Covered Deck
  • Smart Appliances
  • Zoned Heating and Cooling System

About This Home

As of April 2024

HIGHEST & BEST BY 12PM NOON SUNDAY FEB.25TH! Location, 7.38% cap rate, easily managed and RARE five unit multifamily within walking distance to downtown SONO make this an investors dream. 7 Grove features two separate buildings on one parcel comprising a total of 12 bedrooms and 5 bathrooms on track to bring in a gross income of $144K+, per year. The front building features three 2 bedroom/1 bath units while the rear building has two 3 bedroom/1 bath units; 100% leased. Units 1 & 3 are currently rented below market value. 7 Grove boasts major recent improvements: In 2016 all units were updated with modern amenities including new cabinets, countertops, appliances, flooring and central heating/cooling! In 2020, both buildings received updated roofs and gutters. In 2021, both buildings had chimneys completely rebuilt. In 2022, new vinyl siding was added to the front building along with a replaced front porch and back staircase.. In 2023, steel fire doors were replaced throughout to insure compliance with local code. All units have separate meters (gas & electric w/ owners meter), hot water and cooling/heating.The front building has a walkout basement with laundry hookups to make adding a coin operated common washer/dryer space to this property a breeze. HVAC and water heaters replaced in 2015/16. The heavy lifting is done at 7 Grove so you can hit the ground running with this rare 5 unit investment property. Sellers require flexible closing timeline.

Last Agent to Sell the Property

James Kitt

Compass Connecticut, LLC License #RES.0815934 Listed on: 02/14/2024

Compass Connecticut, LLC

Co-Listed By

Stephen Lasko

Compass Connecticut, LLC License #REB.0791690

Last Buyer's Agent

Maureen Sullivan

William Raveis Real Estate License #RES.0818951

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,236

Year Built

  • Built in 1925

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Concrete Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,850 Sq Ft Home
  • Concrete Flooring
  • Attic or Crawl Hatchway Insulated
  • Smart Appliances

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 4 Parking Spaces
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Beach Access
  • Covered Deck
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Zoned Heating and Cooling System
  • Gas Available at Street
  • 60+ Gallon Tank

Listing and Financial Details

  • Assessor Parcel Number 234789

Community Details

Amenities

  • Public Transportation
  • Laundry Facilities

Additional Features

  • 5 Units
  • Gross Income $144,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,236

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: South Norwalk
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3850
  • Total Sq Ft: 3850
  • Year Built: 1925
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: 7 Grove St - park on road to avoid disruption to tenant parking.
  • Financing Used: Cash
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Walk-Out, Unfinished, Concrete Floor, Storage
  • Laundry Room Location: Hookups in front house walkout basement
  • Laundry Room Info: Basement Hook-Up(s), Common Laundry Area
  • Attic: No
  • Home Automation: Appliances
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Covered Deck, Deck, Gutters, Lighting
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block, Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private, Asphalt
  • Total Parking Spaces: 4
  • Garage And Parking: Driveway, Paved, Off Street Parking

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air, Zoned
  • Heat Fuel Type: Gas In Street
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: 50 Gallon Tank, 65 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.13
  • Lot Description: City Views Sloping Lot
  • Flood Zone: No
  • Zoning: C
  • Parcel #: 234789

Multi Family

  • Gross Annual Income: 144000
  • Total Number Of Units: 5
  • Unit Count: 5

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 15236
  • Total Assessed Value: 607350
  • Mil Rate Total: 25.086

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $1,475,000 +1.7% $383 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $1,450,000 -- $377 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Kitt

    Seller's Agent in 2024

    James Kitt

    Compass Connecticut, LLC

    (646) 478-6560

    1 in this area

    18 Total Sales

    Section Image
  • Stephen Lasko

    Seller Co-Listing Agent in 2024

    Stephen Lasko

    Compass Connecticut, LLC

    (203) 253-3861

    1 in this area

    99 Total Sales

    Section Image
  • Maureen Sullivan

    Buyer's Agent in 2024

    Maureen Sullivan

    William Raveis Real Estate

    (646) 610-2259

    1 in this area

    18 Total Sales

    Section Image
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Map

Source: SmartMLS

MLS Number: 170623992

SmartMLS

APN: NORW M:2 B:80 L:22

Connecticut Fairfield County Norwalk 06854 South Norwalk

7 Grove St, Norwalk, CT

This home is located at 7 Grove St, Norwalk, CT 06854 since 14 February 2024. This property was built in 1925. 7 Grove St is a home located in Fairfield County with nearby schools including Wolfpit School, Nathan Hale Middle School, and Norwalk High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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