REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 450,000
Est. payment | /mo
8 Beds
5 Baths
4,885 SqFt
$ 450,000
Est. payment | /mo
8 Beds
5 Baths
4,885 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 4,885 sqft
Price per Sqft $92
MLS Listing ID 24137208
Style Units on different Floors
Bedrooms 8
Full Baths 5
Year Built 1875
Annual Tax Amount $7,633
Lot Size 7,840 Sqft
Property Sub-Type 5 Family+
Property Description
Great investment opportunity to acquire a fully occupied 5 unit multifamily in one of CT's highest yield multifamily markets. Proforma rental income for all (3) 2 bedrooms and (2) 1 bedrooms will yield close to a 20% ROI. The current gross monthly rent is $4,495 with one vacancy in place. The owner pays for heat and hot water, but the tenants are responsible for their own electric bill. This property can be packaged with (4) other multifamily properties in Norwich for a total of 19 units.
Location
State CT
County New London
Zoning NC
Rooms
Basement Full
Interior
Heating Steam
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Connor Wenchell • VC Property Group, LLC
GET MORE INFORMATION