366 West Thames Street Under Contract Save Request In-Person Tour Request Virtual Tour
Norwich,CT 06360
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,770 sqft
Price per Sqft $107
MLS Listing ID 24068721
Style Units on different Floors,Units are Side-by-Side
Bedrooms 6
Full Baths 4
Year Built 1890
Annual Tax Amount $7,767
Lot Size 10,018 Sqft
Property Sub-Type 4 Family
Property Description
Unlock the potential of this dated four-family property, perfectly positioned in a rapidly growing town. Situated near thriving casinos and an exciting new development, this property has immense value-add potential. The building features four separate units with flexible layouts, providing various bedroom and bathroom options to suit different tenant needs. Although in need of updates, the property presents a blank canvas for modern renovations that can significantly boost rental income and property value. With a solid structure and prime location, it promises strong tenant demand because of its proximity to entertainment, dining, and new development amenities. Investors can take advantage of the high demand area, increasing rental opportunities from the influx of visitors and workers from nearby attractions. This is a rare opportunity to enhance the property's value and capitalize on the flourishing local economy and future appreciation. Parking lot found in rear of the building for tenants.
Location
State CT
County New London
Zoning GC
Rooms
Basement Partial,Partially Finished
Interior
Heating Baseboard,Hot Air
Cooling Window Unit
Exterior
Parking Features None,Parking Lot,Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description City Views
Foundation Stone
Sewer Public Sewer Connected,Public Sewer In Street
Water Public Water Connected,Public Water In Street
Schools
Elementary Schools John B. Stanton
High Schools Norwich Free Academy