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$ 550,000
Est. payment | /mo
12 Beds
4 Baths
4,560 SqFt
$ 550,000
Est. payment | /mo
12 Beds
4 Baths
4,560 SqFt
Open House
Sat Nov 14, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $120
MLS Listing ID 24220698
Style 4sides - Units Are Side-by-Side
Bedrooms 12
Full Baths 4
Year Built 1905
Annual Tax Amount $10,707
Lot Size 0.300 Acres
Property Sub-Type 4 Family
Property Description
Whether you're looking to expand your investment portfolio or owner-occupy while generating rental income, this well-maintained four-family property checks all the boxes! Currently bringing in $5,100 per month with one unit vacant, this property offers an impressive $7,600/month pro forma income once fully rented. All four units feature desirable townhouse-style layouts, offering tenants added privacy and functionality. With separate utilities, tenants handle their own services, helping keep operating expenses in check. Conveniently located with great access to Route 395, downtown Norwich, shopping, restaurants, and local amenities. Opportunities like this don't come around often! Take advantage of the existing cash flow, lease up the vacant unit, and maximize the income potential. Perfect for investors looking to add a strong-performing asset or an owner-occupant looking to offset their mortgage with rental income. Don't miss out on this income-producing opportunity!
Location
State CT
County New London
Zoning RES
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, Gas on Gas
Cooling Window Unit
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot
Foundation Brick, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Matthew Santurri • Byrnes Real Estate Company
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