$299,000
 $1,605 est/mo Sourced by Back At You

366 Thames West Street , Norwich, CT 06360

Norwich, CT 06360

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Description

Unlock the potential of this dated four-family property, perfectly positioned in a rapidly growing town. Situated near thriving casinos and an exciting new development, this property has immense value-add potential. The building features four separate units with flexible layouts, providing various bedroom and bathroom options to suit different tenant needs. Although in need of updates, the property presents a blank canvas for modern renovations that can significantly boost rental income and property value. With a solid structure and prime location, it promises strong tenant demand because of its proximity to entertainment, dining, and new development amenities. Investors can take advantage of the high demand area, increasing rental opportunities from the influx of visitors and workers from nearby attractions. This is a rare opportunity to enhance the property's value and capitalize on the flourishing local economy and future appreciation. Parking lot found in rear of the building for tenants.

Details

MLS#24068721
Listing TypeFor Sale
StyleTown House
StatusActive
Year1890
Days On Site27
Listing Provided ByFarnam Realty Group | Carol Horsford

Features

Bed(s)6
Bath(s) 4 Total
SQ Feet2,770
BasementY
Units4
ZoningGC
Acreage0.23
Water FrontYes

Market Activity 06360

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Learn More About This Property

StateCT
CountyNew London
CityNorwich
Zip Code06360
AreaNew London
School DistrictJohn B. Stanton
Elementary SchoolJohn B. Stanton
Listing VS Median (in 06360)
Price:
$299,000
low | high
Med:
$249,700
66.488294314381% of Average
SqFt:
2,770
low | high
Med:
1,175
100% of Average
$ / SqFt:
$108
low | high
Med:
$213
46.876090044669% of Average
On Site:
27
low | high
Med:
26.500000
100% of Average
Sourced by Back At You
Listing Updated: January 27, 2025 at 8:28:25 PM PST