44 Laurel Hill Ave
Norwich, CT 06360
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 4,604 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1870/2015 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Zoning | MF | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,604 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1870/2015 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | MF |
About 44 LAUREL HILL AVE , NORWICH, CT 06360
Woodco Properties presents an opportunity to purchase an 8-unit apartment building at a 10% CAP located at 44 Laurel Hill Avenue in Norwich, CT. Building is being offered for sale at $37,500/unit. The property consists of 6-one bedroom units, 1-two bedroom unit, and 1-three bedroom unit. Interior updates have been made throughout the interior of the building in the past 5 years, plumbing updates include pex water lines and electric hot water heaters. Roof was completed in 2015. Property owner is responsible for paying water/sewer, tenants pay for heat and electric. There is a laundry room area that the new owner could finish to add additional income. In addition, the owner has a two-family located at 469 East Main Street in Norwich (around the corner from subject property) for sale at $139,999, potential to be sold as a package deal totaling 10 units.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $625.00 | - |
| 2+1 | 1 | $725.00 | - |
| 3+1 | 1 | $800.00 | - |
Property Taxes
| Parcel Number | NORW-000110-000003-000001 | Improvements Assessment | $346,000 |
| Land Assessment | $64,300 | Total Assessment | $410,300 |
Property Taxes
