Winfield Street

  • Title

    Multifamily Property for Sale

  • City

    Norwalk, CT

  • Price

    $1,950,000

  • Cap Rate

    6.0%

  • Gross Leasable Area

    6,742 SF

  • No. Units

    11

  • Price/SF

    $289.23

  • Price/Unit

    $177,273

  • No. Stories

    2

  • Year Built

    1970

Not found amenities.

Northeast Private Client Group is pleased to present the apartment complex on 77 Winfield Street, an eleven (11) unit property located in East Norwalk.

The 77 Winfield Street Apartments is a two-building complex with an off-street parking lot accessible from Winfield Street. The property is comprised of ten (10) one-bedroom apartments and one (1) two-bedroom apartment.

The property is located in East Norwalk, only half a mile from the East Norwalk Train Station and less than a mile away from I-95. This desirable location attracts commuters from NYC (50 mi) to southern Connecticut. This convenient location features tenant paid utilities and has ample off-street parking. The property is fully occupied and currently has below market rents. Investors can realize upside by increasing rents.

Norwalk’s population is roughly 85,600 with a median household income of $76,161. 8.4% of the population fall below the poverty line.

Norwalk, Fairfield County, CT