60 days on market

Under Contract

More about this Property

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27 Greene Avenue, Norwich CT 06360

Current Price: $435,000

6 beds 5 baths 5636 sq. ft

Last Update: 11/23/2024

Property Type: Multi-Family For Sale

Public Remarks

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.

Map to Property at 27 Greene Avenue, Norwich CT 06360

Per GPS

Residential Property Information for 27 Greene Avenue, Norwich CT 06360

MLS #: 24038485

Style: Units on different Floors

Color:

Total Rooms:

Bedrooms: 6

Bathrooms: 5

Acres: 0.37

Year Built: 1912 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $6,471

Zoning: MF

Mil Rate:

Assessed Value: $169,400

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 4139; below grade sq feet total is 1497; total sq ft is 5636

Features

Basement Desc.:	Full,Unfinished,Shared Basement
Exterior Siding:	Clapboard,Wood
Exterior Features:	Porch,Wrap Around Deck
Foundation:	Brick,Concrete
Roof:	Asphalt Shingle
Parking Spaces:	2
Garage/Parking Type:	Detached Garage
Swimming Pool:	0
Waterfront Feat.:	Not Applicable
Lot Description:	Level Lot
Occupied:	Tenant

Utility Information

Hot Water System Other

Heat Type: Baseboard

Fueled By: Electric.

Cooling: Window Unit,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: $435,000

Original List Price: $435,000

DOM: 60

Listing Date: 8/9/2024

Last Updated: 10/8/2024 4:01:06 PM

Listing Agent and Broker

List Agent Name: Lori DeSanti

List Office Name: Berkshire Hathaway NE Prop.