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24-26 Merchants Avenue, Norwich, CT 06380

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For Sale

$589,000

8 beds5 baths3,768 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $156.32
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This five unit multi-family property presents an excellent investment opportunity with a total of eight bedrooms across the units. It is well maintained and updated. Three units have washer and dryer hookups, and the rents are currently below market value. The property has the potential to generate an annual income of $80,000 or more. Additionally, there is a detached garage in the back that provides an opportunity for extra rental income. Private parking spaces in the back of the building as well as plenty of street parking available. Fully rented, 48 hour notice to view the units.
MLS# 24046331

Courtesy Of RE/MAX HOME TEAM

(860) 235-1642

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    None
  • Exterior Type
    Brick
  • Heating System
    Baseboard, Wall Unit
  • Lot Size
    0.86 Acres
  • Roof Type
    Asphalt

Home seller CENTURY 21 Seaboard Properties

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

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(860) 535-8364
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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