384 Norwich Avenue

$315,000

384 Norwich Avenue

8 Beds 4 Baths 3,142 Sq.Ft. 6,098.4 Sq.Ft.

Description

Terrific Investment Opportunity. This income-producing property offers instant cash flow with all three units currently occupied. Originally a legal 4-unit, there's potential to convert it back for more cash flow. Great potential for updating and increased ROI (return on investment). Do not let the under market rents sway you. Each unit has a solid rental history, making it an ideal addition to any investor's portfolio. Located in an area with strong rental demand, this multifamily is a low-hassle, high-potential opportunity. We are always here to help!

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Location

384 Norwich Avenue, Norwich, CT 06380

Status

Sold

Property Amenities

Interior

Appliances Gas Water Heater

Total Bedrooms: 8

Full Bathrooms: 4

Area & Lot

Total area 3,142 Sq.Ft.

Lot Area 6,098.4 Sq.Ft.

Living area 3,142 Sq.Ft.

MLS® ID 24117760

Year Built 1900

High School Per Board of Ed

Elementary School Per Board of Ed

View Description City

Architecture Styles Units on different Floors, Units are Side-by-Side

Type Multi-Family

Status Sold

Exterior

Air conditioning None

Heat type Natural Gas, Hot Water

Water Source Public

Sewer Public Sewer

Parking None

Lot Features Level

Roof Asphalt

Finance

Sales Price $315,000

Real Estate Tax $5,629 yearly

My Listing Portfolio

Sold

Norwich

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Real estate decisions deserve thoughtful strategy and professional support. Christopher Maynard brings dedication, local knowledge, and a friendly approach to every client relationship. Together, you’ll move forward with clarity and confidence.

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$315,000