30 McKinley Ave
Norwich, CT 06360
Seller Motivated! 9+% CAP | Total Rehab! · Multifamily Property For Sale
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6 Units
Property Facts
| No. Units | 6 | Building Size | 5,634 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1938/2015 |
| Building Class | C | Parking Ratio | 2.13/1,000 SF |
| Lot Size | 0.58 AC | ||
| Zoning | MF | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 5,634 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built/Renovated | 1938/2015 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | MF |
About 30 MCKINLEY AVE , NORWICH, CT 06360
This is a great opportunity to purchase an entirely renovated property with an 9.5+% CAP rate, located ½ mile from Bakus Hospital and the highway + close to town and less than 5 miles to Mohegan Sun Casino. The property is a total of (6) 2 bed/1 bath units with approx. 940 SF each. The entire building was renovated in 2015 including: roof, windows, furnaces/hot water heaters, electrical, plumbing and back porches. All units have been completely remodeled in 2015 including sheetrock, flooring, kitchens, baths, and fixtures. The utilities are separate and tenant paid - electric, gas H&HW + CAIR. The front of the building and the two 1st floor units are handicap accessible. There is no laundry on site. There are currently 2 Sect. 8 tenants. There are two driveways + off street parking behind the property. The asset is currently owner managed. There is city trash pick-up. This is truly a turn key investment opportunity.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $885.00 | - |
Property Taxes
| Parcel Number | NORW-000093-000003-000014 | Improvements Assessment | $274,800 |
| Land Assessment | $40,100 | Total Assessment | $314,900 |
Property Taxes
