5 Mott Ave
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5 Mott Ave
7,500 SF 100% Leased Office Building Norwalk, CT 06850 £2,784,320 (£371/SF) 5.95% Net Initial Yield
Executive Summary
Amazing opportunity to purchase a 10 unit investment property (1 commercial tenant + 9 residential units) - All units are 1 BR apartments and were renovated in 2023, featuring new kitchens with quartz counters and stainless steel appliances, new bathrooms, new flooring, new HVAC, and private laundry in each apartment - Private parking in rear parking lot - Property is fully rented - Potential to add up to 18 additional units on the property, buyer to do their own due diligence - Email listing agent with any questions
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,500 SF
Building Class
B
Year Built
1970
Price
£2,784,320
Price Per SF
£371
Net Initial Yield
5.95%
NOI
£165,541
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
2,500 SF
Building FAR
0.56
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CD-4
Amenities
- Signage
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | NORW-000001-000026-000029 | Improvements Assessment | £157,656 (2024) |
| Land Assessment | £329,552 (2024) | Total Assessment | £487,208 (2024) |
PROPERTY TAXES
Parcel Number
NORW-000001-000026-000029
Land Assessment
£329,552 (2024)
Improvements Assessment
£157,656 (2024)
Total Assessment
£487,208 (2024)
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5 Mott Ave
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