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24-26 Merchants Avenue, Norwich CT 06380

Current Price: $589,000

8 beds 5 baths 3768 sq. ft

Last Update: 11/23/2024

Property Type: Multi-Family For Sale

Public Remarks

This five unit multi-family property presents an excellent investment opportunity with a total of eight bedrooms across the units. It is well maintained and updated. Three units have washer and dryer hookups, and the rents are currently below market value. The property has the potential to generate an annual income of $80,000 or more. Additionally, there is a detached garage in the back that provides an opportunity for extra rental income. Private parking spaces in the back of the building as well as plenty of street parking available. Fully rented, 48 hour notice to view the units.

Map to Property at 24-26 Merchants Avenue, Norwich CT 06380


Take Harland Rd down to Merchants Ave

Residential Property Information for 24-26 Merchants Avenue, Norwich CT 06380

MLS #: 24046331

Style: Units on different Floors,Units are Side-by-Side

Color:

Total Rooms:

Bedrooms: 8

Bathrooms: 5

Acres: 0.86

Year Built: 1880 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $6,281

Zoning: NC

Mil Rate:

Assessed Value: $188,900 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 3768; below grade sq feet total is ; total sq ft is 3768

Features
Fireplaces: 0
Basement Desc.: Crawl Space
Exterior Siding: Shingle,Brick,Wood
Foundation: Concrete
Roof: Asphalt Shingle
Parking Spaces: 2
Garage/Parking Type: Detached Garage
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: N/A
Occupied: Tenant
Utility Information

Hot Water System Electric,Tank Size Unknown

Heat Type: Baseboard,Gas on Gas,Wall Unit

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: $589,000

Original List Price: $589,000

DOM: 72

Listing Date: 9/12/2024

Last Updated: 9/12/2024 8:15:08 PM

Listing Agent and Broker

List Agent Name: Krystal Davis

List Office Name: RE/MAX ONE