T. 860-662-6493 text | call
Hello@MaryViHomes.com
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Presented by Mary Vi Homes Connecticut
ViBergman, LLC
Licensed in CT as ViBergman, LLC Real Estate Connecticut

287 Central, Norwich, CT

$475,000

6 bedrooms5 full bathrooms4,130 square feet
T. 860-662-6493 text | call
Hello@MaryViHomes.com
Mary Vi crest
287 Central, Norwich, CT

Overview

Mixed-use investment opportunity featuring three residential units and two commercial spaces totaling approximately 4,130 square feet. The residential mix includes two one-bedroom units and one two-bedroom unit. Two residential units and one commercial space are currently occupied, while the second commercial space and one residential unit is vacant, offering immediate lease-up and value-add potential. Our underwriting team projects stabilized annual income of $74,700, effective gross income of $73,365 and NOI of approximately $64,027-representing an estimated 13.48% pro forma cap rate at the $475,000 asking price. Built in 1860, the property includes off-street parking, public water and sewer, electric heat and hot water, city trash pickup and tenant-paid utilities. An attractive opportunity for an investor seeking diversified income, an established tenant base and additional upside. Financial information and projections are available for review.

Property Details

MLS Number 24207988
List Price 475000
Status Active
Property Type Multi-Family For Sale
Property Sub Type 5 Family+
Beds Total 6
Baths Full 5
Baths Half 0
Total Rooms 17
Acres 0.08
Year Built 1860
Living Area SQFT Per Public Record 4130
Style Units on different Floors,Units are Side-by-Side
Basement Description Full
Fireplaces Total 0
Heat Type Hot Water
Heat Fuel Type Electric
Cooling System Window Unit
Water Source Public Water Connected
Sewage System Public Sewer Connected
Direct Waterfront YN 0
Waterfront Description Not Applicable
Days on Market 30
T. 860-662-6493 text | call
Hello@MaryViHomes.com
Mary Vi crest
287 Central, Norwich, CT

If you are interested in this property or would like to learn more, please contact Mary Vi Homes Connecticut at Hello@MaryViHomes.com or by calling 860-662-6493.