multifamily
502 Main Street
Norwich, Connecticut 6360
Price
$725,000
Price/SF
$194.68/SF
Building Size
3,724 SF
Lot Size
0.11 acres
Year Built
1860
NOI
$78,000
Units
4
Property 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.
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Additional Details
Zoning
MF
MLS Number
24190644
Property ID
631d03aa-3a0d-4f81-9958-de5e6e655d40
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MLS Information
MLS#: 24190644
Listed by: William Raveis Real Estate
Agent: James Kelly • (860) 550-0295 • jay.kelly@raveis.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
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