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$ 725,000
Est. payment /mo
New
502 East Main Street Norwich, CT 06360
12 Beds
4 Baths
3,724 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,724 sqft
Price per Sqft $194
MLS Listing ID 24190644
Style Units on different Floors,Other
Bedrooms 12
Full Baths 4
Year Built 1860
Annual Tax Amount $6,625
Lot Size 4,791 Sqft
Property Sub-Type 4 Family
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.
Location
State CT
County New London
Zoning MF
Rooms
Basement Partial, Unfinished
Interior
Heating Baseboard
Cooling None
Exterior
Exterior Feature Sidewalk
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Sloping Lot
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Norwich Free Academy
Listed by James Kelly • William Raveis Real Estate
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