New Listing - 09/12/2024

$589,000 ($156.32 per sqft)

Est. Mortgage $2,787/mo *

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24-26 Merchants Avenue, Norwich, (Taftville), CT, 06380

24-26 Merchants Avenue, Norwich, (Taftville), CT, 06380
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18 rooms

8 beds

5 Full baths

1880

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

3,768 sqft

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.

Status:

Active

Town:

Norwich

Type:

Multi-family

Units:

5

Zoning:

NC

Garage:

2-car Detached Garage

Heating:

Baseboard, Gas on Gas, Wall Unit

Cooling:

None

Basement:

Crawl Space

Acreage:

0.86

Est. Taxes:

$6,281

Assessment

$188,900

Lot Description:

N/A

Elementary School:

Per Board of Ed

High School:

Norwich Free Academy

Days on Market:

6

MLS #:

24046331

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Krystal Davis, RE/MAX ONE Email: caronk77@gmail.com