5 Cove Avenue
Norwalk, CT 06855

$1,300,000

Beds: 4
Baths: 3 | 1
Number of Units: 3
Type: Multi-Unit Residential
Listing #24030368
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.
Property Features
Location Information
County: Fairfield
Neighborhood: East Norwalk
Directions: First Street to Cove Ave.
Interior Features
Full Baths: 3
1/2 Baths: 1
Nearby Amenities: Park, Public Rec Facilities
Number of Fireplaces: 0
Heating: Hot Air
Heating Fuel: Natural Gas
Cooling: Central Air
Water Heater: 40 Gallon Tank
Basement Description: Full, Unfinished, Storage
Has Basement: Yes
Total Number of Units: 3
Exterior Features
Style: Units on different Floors
Exterior: Deck
Roof: Asphalt Shingle
Water Source: Public Water Connected
Septic or Sewer: Public Sewer Connected
Has Garage: Yes
Garage Spaces: 2
Driveway: Asphalt
Parking Spaces: 0
Has a Pool: No
Lot Size in Acres: 0.17
Waterfront Description: Walk to Water, Water Community
School
Elementary School: Marvin
Middle School: Nathan Hale
High School: Norwalk
Additional Information
Property Type: RI
Property SubType: 3 Family
Year Built: 1930
Status: Active


$ per month
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Monthly Insurance: $
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative: William Raveis Real Estate - Nancy Manby
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