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.
MLS# | 24068721 |
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Listing Type | For Sale |
Style | Town House |
Status | Active |
Year | 1890 |
Days On Site | 27 |
Listing Provided By | Farnam Realty Group | Carol Horsford |
Bed(s) | 6 |
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Bath(s) | 4 Total |
SQ Feet | 2,770 |
Basement | Y |
Units | 4 |
Zoning | GC |
Acreage | 0.23 |
Water Front | Yes |
State | CT |
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County | New London |
City | Norwich |
Zip Code | 06360 |
Area | New London |
School District | John B. Stanton |
Elementary School | John B. Stanton |
Listing VS Median (in 06360) | |
Price: $299,000 low | high Med: $249,700 SqFt: 2,770 low | high Med: 1,175 $ / SqFt: $108 low | high Med: $213 On Site: 27 low | high Med: 26.500000 |