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15 photos
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$475,000
Est. payment /mo
7 Beds
3 Baths
5,063 SqFt
OPEN HOUSE
Thu May 22, 12:00pm - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,063 sqft
Price per Sqft $93
MLS Listing ID 24096196
Style Units on different Floors
Bedrooms 7
Full Baths 3
Year Built 1909
Annual Tax Amount $12,308
Lot Size 0.940 Acres
Property Sub-Type 3 Family
Property Description
Beautiful 3 Family in heart of Norwich's historic district, right across from St. Patrick Cathedral. Property features a stunning, ready to move-in vacant 3 bedroom unit on the first floor. Units have undergone recent renovations to maximize rental income and also has the potential for a 4th unit that is about 80% complete and configured as a large 3 bedroom apartment. The lot also features a large parking lot and 4 car garage, providing opportunity for an additional income source. Great investment opportunity for a primary home owner or investor, with the add value opportunity of adding that 4th unit. Even with the vacant unit the property yields a positive cash flow on DAY 1 and has a mind blowing 27% ROI Proforma. Call today, this won't last long. Photos are of the vacant unit and the unfinished 3rd floor, 3 bedroom unit.
Location
State CT
County New London
Zoning MF
Rooms
Basement Full
Interior
Heating Hot Water
Cooling None
Fireplaces Number 2
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Anthony Velez • VC Property Group, LLC