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24-26 Merchants Avenue, Norwich, CT 06380

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For Sale

$589,000

8 beds • 5 baths • 3,768 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

Map and Directions

Directions to 24-26 Merchants Avenue, Norwich, CT 06380

Home seller CENTURY 21 Shutters & Sails

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

CENTURY 21 Shutters & Sails

(860) 331-1510
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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