5 Cove Ave Norwalk, CT, 06855

multi family home
$ 1,300,000 For Sale Active Jul 5, 2024
explore the home

About the Home

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.

Rooms & Interior

4 bedrooms beds
3 full + 1 half baths
3,600 square feet sq ft

Home Features

Heating

  • Heating: hot air
  • Heat fuel type: natural gas

Cooling

  • Central air

Basement

  • Full
  • Unfinished
  • Storage

Laundry

  • Location: in each unit, but not in office/workshop

Exterior Features

  • Deck

Property Details

Parking

  • Garage spaces: 2
  • Detached garage
  • Paved
  • Off street parking
  • Driveway

Waterfront

  • Walk to water
  • Water community
Waterfront Homes in Norwalk

Lot Details

  • Lot surface: 0.17 acres
  • Level lot

Driveway

  • Asphalt

Utilities

  • Water: public water connected
  • Sewage: pub. sewer connected
  • Sewage fee: $ 1,242 per year

Near-by Amenities

  • Park
  • Private rec facilities

Construction Details

Style
units on different floors

Construction year
1930

Exterior Siding
vinyl siding

Foundation
stone

Roof
asphalt shingle


Area & Town

This home is located in East Norwalk neighborhood, in the town of Norwalk.

Finance & Listing Info

MLS ID #24030368
Status Active
Listing date July 05, 2024
List price $ 1,300,000
Current price $ 1,300,000
Tax amount $ 13,005
Tax year july 2024-june 2025

5 Cove Avenue Home Photos


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