Off-Market Property at 18 Lincoln Ave, Norwalk, CT, 06854
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18 Lincoln Ave, Norwalk, CT, 06854

$389,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $321 per day and long-term for an average of $4,050 per month, based on similar listings in the area. Estimated short-term cap rate of 7.6%. Estimated long-term cap rate of 4.7%. Calling investors or first time homeowners! Opportunity to own close to vibrant downtown SoNo! The main level of this home features a kitchen with dining area, dining room and living room with access to the front porch. Upstairs are 3 bedrooms and a full bathroom. The walk-up attic is perfect for storage. The unfinished basement with interior access has a bathroom. Gas heat with a newer hot water tank, newer vinyl siding and the front yard is fenced in. The driveway is shared with the neighbor and there's parking spaces for 2 - 3 cars. House is sold as is.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5207
Bedrooms
3
Bathrooms
2
SQFT
1,514
Furnished
unknown
Year built
1915
Listing Status
Off Market
MLS
170603684

Short-term Rental Potential
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$59,940

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$257

Price/SQFT

Long-term Rental Potential
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$48,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,050/mo

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