CT > Norwich
Norwich, CT 06360,366 West Thames Street
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Norwich, CT 06360,366 West Thames Street
Norwich, CT 06360,366 West Thames Street
Norwich, CT 06360,366 West Thames Street
Norwich, CT 06360,366 West Thames Street
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Jennifer Cosgrove O'Leary

Jennifer Cosgrove O'Leary

+1(401) 269-6015
$ 299,000
Est. payment /mo
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Under Contract

366 West Thames Street Norwich, CT 06360

6 Beds

4 Baths

2,770 SqFt

UPDATED:

01/28/2025 11:30 PM

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

Listed by Carol Horsford • Farnam Realty Group
agent

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

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366 West Thames Street