$319,000
- Beds
- 7
- Baths
- 3.5
- sq ft
- 3,096
327 Central Ave, Norwich, CT 06360
327 Central Ave
Norwich, CT 06360
- 26 days on market
- Price drop $15,000↓
Attention Investors or Owner-Occupants! Multi-Family Home with Commercial Space in Norwich -This mixed-use property has a unique opportunity with 3 units -2 residential and 1 commercial. The residential units are already generating income, while the commercial space provides endless possibilities for your business or additional residential conversion. Commercial space located on the first floor, previously used as a restaurant but ready for your personal touches. It can be easily converted to suit various businesses such as a mini grocery store, beauty/barber shop, nail salon, office, or more. Separate utilities for each unit. Recent owner upgrades include: New siding, gutters, and windows. The roof is approximately 5 years old. The two-bedroom unit is fully remodeled, and the four-bedroom unit has a renovated kitchen and bathroom. The commercial space and studio unit are in need of renovation, but it has huge potential for value growth. Centrally located, just 10 minutes from Mohegan Sun Casino and 13 minutes from Foxwoods Resort Casino two of Connecticut's top entertainment destinations! The prime location makes this an attractive option for both tenants and businesses, with a strong demand for rentals and commercial ventures. This property has great cash flow potential with tenants already in place, and the commercial space gives you the flexibility to bring your vision to life. Whether you're an investor or looking for an owner-occupied opportunity.
Details
Property type
Lot size
5,227 sq ft
Price per sq ft
$104
Year built
1850
Annual property taxes
$2,834
Price History
12/22/2024
SmartMLS #24061367
Price change
$319,000
-4.49%
12/12/2024
SmartMLS #24061367
Price change
$334,000
-4.54%
11/26/2024
SmartMLS #24061367
Listed
$349,900
Schools & Community
Elementary school:
Per Board of Ed
Middle school:
Unknown
High school:
Per Board of Ed
Number of units in community:
3
Status: Active
Tomo last checked: 12/22/2024 at 7:25 PM
Listing updated: 12/22/2024 at 11:28 AM
Listed by: Dennisse Rivera-Mercado, Kempf-Vanderburgh Realty Phone #: (860) 313-9964
MLS: SmartMLS #24061367
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