59 days on market
Under Contract
More about this Property

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205 Norwich Avenue, Norwich CT 06380

Current Price: $360,000

8 beds 3 baths 3633 sq. ft

Last Update: 9/7/2024

Property Type: Multi-Family For Sale

Public Remarks

Key Points about the MixUse Property: Occupancy: 3 residential units occupied + 1 commercial unit with restroom Building Information: Limited information available from owners about permits and mechanical systems. Utilities: Tenants pay for their own utilities. Inspections: Allowed for informational purposes only. Buyers should conduct their own due diligence. Parking: Good off-street parking availability. Location: Great location for a commercial business. Access: Requires 48 hours notice to access the property, likely to avoid disturbing residents. This could be a good deal for: Investors comfortable with some uncertainty and willing to conduct thorough inspections. Businesses seeking a good location with ample parking. Important to Consider: Schedule inspections to assess the buildings condition (plumbing, electrical, etc.) Investigate permits and ensure the commercial unit complies with regulations. Factor in potential costs for repairs or upgrades based on inspection findings. Overall, with proper due diligence, this could be a good opportunity due to the good location, parking, and existing commercial space.

Key Points about the MixUse Property: Occupancy: 3 residential units occupied + 1 commercial unit with restroom Building Information: Limited information available from owners about permits and mechanical systems. Utilities: Tenants pay for their own utilities. Inspections: Allowed for informational purposes only. Buyers should conduct their own due diligence. Parking: Good off-street parking availability. Location: Great location for a commercial business. Access: Requires 48 hours notice to access the property, likely to avoid disturbing residents. This could be a good deal for: Investors comfortable with some uncertainty and willing to conduct thorough inspections. Businesses seeking a good location with ample parking. Important to Consider: Schedule inspections to assess the buildings condition (plumbing, electrical, etc.) Investigate permits and ensure the commercial unit complies with regulations. Factor in potential costs for repairs or upgrades based on inspection findings. Overall, with proper due diligence, this could be a good opportunity due to the good location, parking, and existing commercial space.

Map to Property at 205 Norwich Avenue, Norwich CT 06380


GPS Friendly.

Residential Property Information for 205 Norwich Avenue, Norwich CT 06380

MLS #: 24029730

Style: 4updown - Unit(s) per Floor

Color:

Total Rooms:

Bedrooms: 8

Bathrooms: 3

Acres: 0.21

Year Built: 1900 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $4,030

Zoning: GC

Mil Rate:

Assessed Value: $121,200 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 3633; below grade sq feet total is ; total sq ft is 3633

Features
Fireplaces: 0
Basement Desc.: Full
Exterior Siding: Shingle,Vinyl Siding
Exterior Features: Balcony,Deck,Gutters
Foundation: Block
Roof: Asphalt Shingle,Flat
Parking Spaces: 0
Garage/Parking Type: None
Swimming Pool: 0
Lot Description: Corner Lot,City Views,Sloping Lot
Occupied: Tenant
Utility Information

Hot Water System 30 Gallon Tank

Heat Type: Hot Air

Fueled By: Electric,Natural Gas.

Cooling: None

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Norwich Free Academy

Marketing History

Current List Price: $360,000

Original List Price: $360,000

DOM: 59

Listing Date: 7/1/2024

Last Updated: 8/29/2024 1:10:29 PM