Address
227 West Town Street, Norwich, CT
Price
$ 599,000
Property Attributes
  • MLS#170610928
  • TypeCommercial
  • CountyNEW LONDON
  • CityNorwich
  • Zip06360
  • StyleCommercial For Sale
  • Price$ 599,000
  • Bedrooms0
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4303
  • Lot Size0.66 Acres
Data Source:
Smart MLS
Property Description

Great investment property! 2 buildings totaling 6 apartments, fully leased. NOI is $39,795. 7 CAP with room to increase NOI. Building 1 has 4 apartments with high ceilings, hardwood floors, natural light, washers & dryers or hook-ups, ceiling fans and some with outdoor decks. Building 2 has 2 apartments, 1 studio, 1 two bedroom and one garage. Property is very well maintained and conveniently located near I-395. Please see also MLS #170611522.

Price History
11/20/2023 Listed $599,000

General Features

Acres 0.66
City Norwich
County New London
DOM 15
Directions From I-395 North to Exit 14. Left off exit. Property will be on the right.
Heater Type Baseboard, Gas on Gas, Hot Air
Location Highway Access
Neighborhood N/A
Property Type Commercial For Sale
Sq Ft Total 4303
Status Active
Street Name Town
Year Built 1885
Zoning NC

Interior Features

Ceiling Height 9
Cooling System Ceiling Fans
Total Number of Units 6
Utilities Available Electric Available, Gas Available

Exterior Features

Garage Parking Attached Garage
Lot Description Sloping Lot, Treed
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 06360

Price
AVG $320K
$600K
Visits
AVG 72
27
Data Provided by Inside Real Estate®
Year Built
AVG 1936
1885
Walkscore
AVG 56
48
Data Provided by Walkscore® not using MLS data