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502 E Main St
Norwich, CT 06360
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Turnkey four-unit investment opportunity
- Four spacious 3-bedroom, 1-bath units
- Approx. $7,500/month in rental income
- Fully renovated and fully rented property
- Three units in the main building plus a separate rear cottage
- Approx. $90,000 annual gross income
Executive Summary
**Turnkey Four-Unit Investment Opportunity!** Fully renovated and fully rented, this exceptional property offers four spacious three-bedroom, one-bath units-three in the main building and a separate cottage in the rear. Generating approximately $7,500 per month, or $90,000 annually, in reliable rental income, this is an outstanding opportunity for investors seeking immediate cash flow with minimal deferred maintenance. Extensive renovations have been completed throughout, offering low expenses and overhead and eliminating the need for major capital improvements. Three of the four units feature laundry hookups and dishwashers. Ideally located near shopping, dining, medical facilities, major commuter routes, and the area's nearby casinos. This property combines strong rental demand with convenience. Whether you're expanding your portfolio or looking for a turnkey income-producing asset, this four-unit property offers an attractive combination of condition, income, and location.
Property Facts
| Price Per Unit | $181,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 4 | Building Size | 3,724 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1860 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MF | ||
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,724 SF |
| No. Stories | 3 |
| Year Built | 1860 |
| Opportunity Zone |
Yes |
| Zoning | MF |
Property Taxes
| Parcel Number | NORW-000103-000003-000094 | Improvements Assessment | $169,200 |
| Land Assessment | $24,800 | Total Assessment | $194,000 |
Property Taxes
Parcel Number
NORW-000103-000003-000094
Land Assessment
$24,800
Improvements Assessment
$169,200
Total Assessment
$194,000
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