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$425,000
Est. payment /mo
5 Beds
3 Baths
2,769 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,769 sqft
Price per Sqft $153
MLS Listing ID 24123152
Style 3updown - Unit(s) per Floor
Bedrooms 5
Full Baths 3
Year Built 1908
Annual Tax Amount $7,301
Lot Size 6,098 Sqft
Property Sub-Type 3 Family
Property Description
Rare Norwich Investment Opportunity - Fully Rented 3-Family Cash Cow! Professional pictures coming soon! Welcome to 40-42 Spring Garden Ave, the only livable 3-family available in Norwich right now-a true income-producing gem. This property is fully rented and generating strong cash flow, making it an ideal turnkey investment for savvy buyers. Property Highlights: Fully rented - strong, steady income from Day 1 Well-maintained with a newer roof and updated mechanicals 2 units with oil heat (natural gas already in the building for future conversion) Coin-operated laundry in basement for extra income stream Two driveways - rare convenience for tenants and guests Close to casinos, highways (I-395/Route 32), shopping, and downtown Norwich With high rental demand and limited multi-family inventory in Norwich, this property is a prime opportunity for investors looking for solid returns and long-term growth. To see the full potential of this property, including the income/expense spreadsheet and additional financial details, reach out the listing agent today for access to the complete investor folder.
Location
State CT
County New London
Zoning MF
Rooms
Basement Full, Unfinished, Sump Pump
Interior
Heating Steam
Cooling Window Unit
Exterior
Parking Features None, Paved, Unpaved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description City Views
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Norwich Free Academy
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Listed by Cintia Varela • YellowBrick Real Estate LLC