$360,000
$360,000
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205 Norwich Avenue Norwich, CT 06380
8 Beds
3 Baths
3,633 SqFt
Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,633 sqft
Price per Sqft $99
MLS Listing ID 24029730
Sold Date 09/09/24
Style 4updown - Unit(s) per Floor
Bedrooms 8
Full Baths 3
Year Built 1900
Annual Tax Amount $4,030
Lot Size 9,147 Sqft
Property Description
Key Points about the MixUse Property: Occupancy: 3 residential units occupied + 1 commercial unit with restroom Building Information: Limited information available from owners about permits and mechanical systems. Utilities: Tenants pay for their own utilities. Inspections: Allowed for informational purposes only. Buyers should conduct their own due diligence. Parking: Good off-street parking availability. Location: Great location for a commercial business. Access: Requires 48 hours notice to access the property, likely to avoid disturbing residents. This could be a good deal for: Investors comfortable with some uncertainty and willing to conduct thorough inspections. Businesses seeking a good location with ample parking. Important to Consider: Schedule inspections to assess the building's condition (plumbing, electrical, etc.) Investigate permits and ensure the commercial unit complies with regulations. Factor in potential costs for repairs or upgrades based on inspection findings. Overall, with proper due diligence, this could be a good opportunity due to the good location, parking, and existing commercial space.
Location
State CT
County New London
Zoning GC
Rooms
Basement Full
Interior
Heating Hot Air
Cooling None
Exterior
Exterior Feature Balcony, Deck, Gutters
Garage None
Roof Type Asphalt Shingle,Flat
Building
Lot Description Corner Lot, City Views, Sloping Lot
Foundation Block
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Norwich Free Academy
Read Less
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Bought with Miguel Afanador • Mikasa Realty Group, Inc.