27 Greene Avenue Under Contract Save Request In-Person Tour Request Virtual Tour
Norwich,CT 06360
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Under Contract
Purchase Type For Sale
Square Footage 5,636 sqft
Price per Sqft $77
MLS Listing ID 24038485
Style Units on different Floors
Bedrooms 6
Full Baths 5
Year Built 1912
Annual Tax Amount $6,471
Lot Size 0.370 Acres
Property Description
A 1912 Classic 5-Unit Multifamily available in Norwich CT! This property consists of (4) 1bed/1ba units and (1) 2bed/1ba unit. All electric hot water and heating with separate meters. This 4,100 square foot building has spacious 1bedroom 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 huge Value-Add in raising below market rents, with the rental market steadily increasing in Norwich. 8percent Current CAP - 10percent+ Proforma Cap.
Location
State CT
County New London
Zoning MF
Rooms
Basement Full,Unfinished,Shared Basement
Interior
Heating Baseboard
Cooling Window Unit,None
Exterior
Exterior Feature Porch,Wrap Around Deck
Garage Detached Garage
Garage Spaces 2.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Brick,Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Norwich Free Academy