$2,000,000

About This Property

61 Cedar Street in Norwalk presents a rare mixed use investment opportunity, combining strong residential income with an established commercial presence. The property features a legal multi family building along with an approximately 2000 sq ft commercial space currently occupied by a well known, long standing Colombian restaurant. The residential portion includes units on the first and second floors, plus a finished basement. The first floor and basement are currently rented per bedroom, maximizing income potential, while the second floor is rented as a full unit. All tenants are on month to month leases, providing flexibility for an owner occupant or investor looking to reposition rents or reconfigure the layout. The roof is approximately 10 years old. The property offers ample parking in both the front and rear, a valuable asset for both residential tenants and commercial use. The commercial space is home to a successful, fully operational Colombian restaurant that has been in business for over 25 years, with staff and management already in place, making it a true turnkey opportunity. The current owners are willing to assist with a smooth transition. Ideally located just minutes from I 95 and less than a minute from Norwalk's main corridor, this property offers excellent accessibility and visibility, making it a standout opportunity for investors or owner operators looking to capitalize on both residential and commercial income streams.