16
See all 16 photos
$425,000
Est. payment /mo
8 Beds
4 Baths
2,254 SqFt
Under Contract
18-20 North A Street Norwich, CT 06380
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Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,254 sqft
Price per Sqft $188
MLS Listing ID 24079541
Style 4sides - Units Are Side-by-Side
Bedrooms 8
Full Baths 4
Year Built 1875
Annual Tax Amount $5,812
Lot Size 6,969 Sqft
Property Sub-Type 4 Family
Property Description
Great investment opportunity to acquire a 4 Family with 3 vacant units in rent-ready condition, making this ideal for primary homeowners and investors alike. Vacant units provide opportunity for immediate lease up to attain full market potential right away. Property is situated in a very quite neighborhood about 15 minutes from both Foxwoods and Mohegan Sun. Property consists of four 2 Bedroom units with tenant paid utilities. With the vacant units, this property will yield an estimated 22% ROI inside of 45 days. The 22% takes into consideration a combined 15% for vacancy, maintenance, and management. Don't miss out on this RARE opportunity to acquire a multifamily property and go straight to full market rents, netting over $2,000 per month.
Location
State CT
County New London
Zoning Mf/R10
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Anthony Velez • VC Property Group, LLC