25
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$409,900
Est. payment /mo
4 Beds
2 Baths
1,512 SqFt
Price Dropped by $39K
89 Hickory Street Norwich, CT 06360
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,512 sqft
Price per Sqft $271
MLS Listing ID 24203768
Style Colonial,Farm House
Bedrooms 4
Full Baths 2
Year Built 1910
Annual Tax Amount $5,225
Lot Size 0.420 Acres
Property Description
Welcome to this reimagined 1910 classic home located in Norwich. Over a year of renovations, this home blends timeless historic character with modern, high-end living. Boasting 4 bedrooms, (1 of which is first floor primary) and 2 brand-new bathrooms across 1,512 square feet of optimized space. This property offers the absolute best of both worlds! Step inside to an expansive, open-concept main living and kitchen area featuring sleek granite countertops, custom new solid wood cabinetry, brand-new stainless steel appliances, durable modern flooring, modern marble look tile floors, high hat lighting upgrade and contemporary finishes. Peace of mind comes standard with a complete conversion from plaster board to a crisp new sheet rock finish throughout the entire house, updated heating system featuring efficient 3-zone heating. Unmatched Investment Potential: Investors can project to earn an estimated 7.2% Cash-on-Cash return on Day 1, with a clear pathway to exceed 16% CoC by capitalizing on the pre-approved multi-family zoning change. Unlock massive upside by converting the basement into a 1-bedroom apartment to significantly boost monthly cash flow. (Buyer to do their own due diligence, but preliminary conversations have already been held with city officials regarding how to complete this successfully).
Location
State CT
County New London
Zoning MF
Rooms
Basement Full, Unfinished, Full With Walk-Out
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features Attached Garage, Paved, Driveway
Garage Spaces 1.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Lightly Wooded, Level Lot, Sloping Lot
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Norwich Free Academy
Listed by James Kelly • William Raveis Real Estate
NEARBY SCHOOL & BUSINESS
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