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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502 Main Street

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.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.