(Norwich, CT)🚨 Off Market 3-unit Deal!!🚨 Starting at 340k!  Immediate CashFlow

Optimal Buy and Hold Opportunity Now!

Buy Now for $350k

Don't miss out on this rare Norwich Three family. Norwich has and continues to have a vigorous rental market. The recession-proof industry in and near Norwich keeps the town's residents employed. Such industirices include Pizer, Electric Boat, and Mohegan Sun, as well as rapid access to major highways. Recently. House values have been Surging, as many Rhode Island and Massachusetts buyers and investors have been priced out of their local markets. Do your own research and see for yourself the steady increase in sold and under-contract values in the last year. This is also evident in the local on-market supply of Multifamily homes, with such limited inventory available. Functional three families are going under contract within a few days of being listed, with only massive rehabs and eyesores staying on the market. Lock this up today brace for an equity spike and enjoy cashflow from day one. The property boasts three, two-bed  one bath units. There is an abundance of off-street parking fitting 5-6 vehicles and a two-bay garage in the backyard being rented out for $125 each bay for additional income. The property is currently bringing in $3650, with insane growth potential, as market rents are currently $1600+ and only going up, bringing the estimated market yield to $5,175. Lock this up and avoid a public bidding frenzy

PLEASE NOTE THE NORWICH TAX ASSESSOR IS LISTING THE NEIGHBORS PROPERTY INSTEAD OF THE LISTED PROPERTY, THEREFORE MAKING THE SQUARE FOOTAGE NUMBERS INACCURATE. WE ESTIMATE THE LIVING SQUARE FOOTAGE TO BE 3200 AND THE  LOT .4 ACRES. THIS IS AN ESTIMATE AND IS NOT GUARANTEED. BUYER TO CONDUCT OWN DUE DILIGENCE

Property Details

City- Norwich, Ct

Occupancy- All three units are tenanted, contact us for a walkthrough.

         -1st Unit $1100. Lease until 5/1/25 

         -2nd Unit $1300. Lease until 6/1/25

         -3rd Unit is $1000. No lease. 

         -2 Garages on the property that are rented for $125 each per month

Property Type- 3 Unit

Bedrooms- 6 (2 each unit)

Bathrooms-3 (1 each unit)

Square footage- Living SqFT 3200 est,

Lot square footage- .4 Acres

Comps

111 Broad Street, Norwich CT- closed $350k

21 S. 4th Ave., Norwich, CT- closed $370k

7 Dion Street, Norwich, CT- Closed 350k

Contact Sarah LaRosa today, 401-286-9128