$435,000
$435,000
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5 Baths
4,139 SqFt
SOLD DATE : 12/05/2024
Key Details
Sold Price $435,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,139 sqft
Price per Sqft $105
MLS Listing ID 24038508
Sold Date 12/05/24
Full Baths 5
Year Built 1912
Annual Tax Amount $6,471
Lot Size 0.370 Acres
Property Description
Beautiful 5 Unit multifamily available in Norwich CT. This property consists of (4) 1bd/1ba units and (1) 2bd/1ba unit. All separate utilities. This 4,139 sq/ft building has spacious 1bd apartments. Great location between downtown and Chelsea Parade makes for easy access to amenities for tenants. Great opportunity for an investor looking to secure a well maintained building with huge value add in raising under market rents. 8.5% Actual Cap - 10%+ Proforma Cap.
Location
State CT
County New London
Zoning MF
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Utilities Available Electric, Electric Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Stephen Girouard • CENTURY 21 Shutters & Sails