287 Central Ave, Norwich, CT

Name: 287 Central Ave, For Sale in Norwich - Zoocasa
Brand: VC Property Group, LLC
SKU: 24202778
Price: 995000 USD

House

For Sale

Listed price in listed location currency (USD).

$995,000

650

MLS® 24202778

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 4130 sqft

Garage

Taxes $4,340

Days Active 4

Lot Size 0.08 Acres

Approx. Age 1860

Avg. Price Per Sqft $240

MLS® Number 24202778

Property Address: 287 Central Ave, Norwich, CT, 06360-3826

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity to acquire two Norwich investment properties as a combined portfolio for $995, 000. The offering includes a mixed-use property at 287 Central Avenue and a vacant three-family property at 119 Williams Street, providing a combined total of six residential units and two commercial spaces. Central Avenue includes three occupied residential units, one occupied commercial space and one vacant commercial space. All three Williams Street apartments are currently vacant, giving a new owner the ability to establish new leases and execute their own rental and management strategy. The combined unit mix includes two one-bedroom, two two-bedroom and two three-bedroom apartments. This asset will yield a stabilized annual income of $151, 500 and an estimated 12.23% pro forma cap rate at full ask. A compelling opportunity to acquire scale, diversified income and meaningful lease-up potential in a single transaction.

MLS® Number24202778

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1860

BasementFull

Driveway

Garage Spaces

HeatElectric, Hot Water

A/CWindow Unit

Extras

Map

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