$ 589,000
24-26 Merchants Avenue Norwich, CT 06380
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$ 589,000
Est. payment /mo
Active
24-26 Merchants Avenue Norwich, CT 06380
8 Beds
5 Baths
3,768 SqFt
UPDATED:
09/13/2024 12:21 AM
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 3,768 sqft
Price per Sqft $156
MLS Listing ID 24046331
Style Units on different Floors,Units are Side-by-Side
Bedrooms 8
Full Baths 5
Year Built 1880
Annual Tax Amount $6,281
Lot Size 0.860 Acres
Property Description
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.
Location
State CT
County New London
Zoning NC
Rooms
Basement Crawl Space
Interior
Heating Baseboard, Gas on Gas, Wall Unit
Cooling None
Exterior
Garage Detached Garage
Garage Spaces 2.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Norwich Free Academy
Listed by Krystal Davis • RE/MAX ONE