23 Thermos Ave | Norwich, CT 06360
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- LoopNet Team
23 Thermos Ave
Norwich, CT 06360
Riverview at Riverheights · Multifamily Property For Sale
·
67 Units
INVESTMENT HIGHLIGHTS
- Current potential NOI $150K annually for 8 existing Rental Units
- 8-year graduated tax abatement with an estimated NPV of $750K
- Projected NOI estimated upon completion of the 57-unit multi-family community over $1.2M annually
- Full approvals from the City of Norwich attained 1/17/2023
PROPERTY FACTS
| No. Units | 67 | Lot Size | 4.20 AC |
| Property Type | Multifamily | Building Size | 65,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | B | Parking Ratio | 1.72/1,000 SF |
| Zoning | MF - Property is in a Multi-Family Zone | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 4.20 AC |
| Building Size | 65,000 SF |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 1.72/1,000 SF |
| Zoning | MF - Property is in a Multi-Family Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Deck
- Dining Room
- Double Pane Windows
- Office
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Picnic Area
- Pool
- Grill
- Recycling
- Trash Pickup - Curbside
- Storage Space
- Bicycle Storage
- Conference Rooms
- Elevator
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 27 | - | 680 - 850 |
| 2+2 | 24 | - | 780 - 1,100 |
| 3+2.5 | 6 | - | 1,944 |
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