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.
MLS# | 24038508 |
---|---|
Listing Type | For Sale |
Status | Active |
Year | 1912 |
Days On Site | 35 |
Listing Provided By | Berkshire Hathaway NE Prop. | Lori DeSanti |
Bath(s) | 5 Total |
---|---|
SQ Feet | 4,139 |
Units | 5 |
Zoning | MF |
Acreage | 0.37 |
State | CT |
---|---|
County | New London |
City | Norwich |
Zip Code | 06360 |
Area | New London |
Listing VS Median (in 06360) | |
Price: $435,000 low | high Med: $269,900 SqFt: 4,139 low | high Med: 3,672 $ / SqFt: $105 low | high Med: $74 On Site: 35 low | high Med: 38.000000 |