8 Riverside Ave is a two-family in a price point of its own, come and take a look.
This property is located in a central part of Norwalk, close to the Connector, shopping, restaurants, Wall Street, the library, and more. It couldn't get more convenient than this.
There are two units in this cash-flow positive property. The 2 bedroom, 1 bathroom first level unit is in excellent condition, with long-term tenants who really care about, and take pride in their home. There are two large bedrooms, a large eat-in-kitchen, and large living room at the center of it all.
The kitchen has newer appliances, cabinets in great condition, and a deck through sliders, giving a private outdoor space for the tenant. Currently generating $1,250 in rent per month, there is a lot of opportunity to increase this amount with a small bit of upgrading, for a clever investor.
The second level is a 1 bedroom apartment with a living room, kitchen, and full bathroom. The current use is as a 2 bedroom apartment with a kitchen, and the current income is $800. Off the bat, this low rent can be increased greatly, despite long-term tenants!
There is an attic for storage, a basement with separate utilities, accessed in the back yard, and a large yard that is fenced for outdoor, summer activities. It has off-street parking, and plenty of outdoor space.
For the visionary investor, there is a huge amount of potential income in a home like this. With current income at $2050, it is still a great deal for today's buyer, especially with nothing to speak of on the market that comes close to this.
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