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$ 319,000
Est. payment | /mo
7 Beds
4 Baths
3,096 SqFt
$ 319,000
Est. payment | /mo
7 Beds
4 Baths
3,096 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,096 sqft
Price per Sqft $103
MLS Listing ID 24061367
Style Units on different Floors,Other
Bedrooms 7
Full Baths 3
Half Baths 1
Year Built 1850
Annual Tax Amount $2,834
Lot Size 5,227 Sqft
Property Description
Attention Investors or Owner-Occupants! Multi-Family Home with Commercial Space in Norwich -This mixed-use property has a unique opportunity with 3 units -2 residential and 1 commercial. The residential units are already generating income, while the commercial space provides endless possibilities for your business or additional residential conversion. Commercial space located on the first floor, previously used as a restaurant but ready for your personal touches. It can be easily converted to suit various businesses such as a mini grocery store, beauty/barber shop, nail salon, office, or more. Separate utilities for each unit. Recent owner upgrades include: New siding, gutters, and windows. The roof is approximately 5 years old. The two-bedroom unit is fully remodeled, and the four-bedroom unit has a renovated kitchen and bathroom. The commercial space and studio unit are in need of renovation, but it has huge potential for value growth. Centrally located, just 10 minutes from Mohegan Sun Casino and 13 minutes from Foxwoods Resort Casino two of Connecticut's top entertainment destinations! The prime location makes this an attractive option for both tenants and businesses, with a strong demand for rentals and commercial ventures. This property has great cash flow potential with tenants already in place, and the commercial space gives you the flexibility to bring your vision to life. Whether you're an investor or looking for an owner-occupied opportunity.
Location
State CT
County New London
Zoning MF
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Exterior
Parking Features None, Off Street Parking, Driveway
Waterfront Description Not Applicable
Roof Type Shingle
Building
Lot Description Corner Lot, Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Dennisse Rivera-Mercado • Kempf-Vanderburgh Realty