502 E Main St, Norwich, CT

Name: 502 E Main St, For Sale in Norwich - Zoocasa
Brand: William Raveis Real Estate
SKU: 24190644
Price: 725000 USD

House

For Sale

Listed price in listed location currency (USD).

$725,000

1240

MLS® 24190644

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 2896 sqft

Garage

Taxes $6,625

Days Active 2

Lot Size 0.11 Acres

Approx. Age 1860

Avg. Price Per Sqft $250

MLS® Number 24190644

Property Address: 502 E Main St, Norwich, CT, 06360-5986

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

Description

**Turnkey Four-Unit Investment Opportunity!** Fully renovated and fully rented, this exceptional property offers four spacious three-bedroom, one-bath units-three in the main building and a separate cottage in the rear. Generating approximately $7, 500 per month, or $90, 000 annually, in reliable rental income, this is an outstanding opportunity for investors seeking immediate cash flow with minimal deferred maintenance. Extensive renovations have been completed throughout, offering low expenses and overhead and eliminating the need for major capital improvements. Three of the four units feature laundry hookups and dishwashers. Ideally located near shopping, dining, medical facilities, major commuter routes, and the area's nearby casinos. This property combines strong rental demand with convenience. Whether you're expanding your portfolio or looking for a turnkey income-producing asset, this four-unit property offers an attractive combination of condition, income, and location.

MLS® Number24190644

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1860

BasementPartial, Unfinished

Driveway

Garage Spaces

HeatNatural Gas, Baseboard

A/CNone

Extras

Map

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