568 North Main Street

Norwich, CT 06360

$400,000
Price
6
Beds
5
Baths
4,284 Sq. Ft.
$93 / Sq. Ft.
4,284
Sq. Ft.
$93
per Sq. Ft.

Description

Presenting the opportunity to acquire a 5 unit investment property brimming with opportunity and potential for huge upside. Four of the units are one bedroom, with substantially below market rents. The fifth unit is a massive value ad, and is currently a partially finished two bedroom, ready for your personalized finishing touch! This unit can be owner occupied or rented out for substantial additional income as the unit is an inviting and spacious multi-level layout. In the basement you'll find brand...Presenting the opportunity to acquire a 5 unit investment property brimming with opportunity and potential for huge upside. Four of the units are one bedroom, with substantially below market rents. The fifth unit is a massive value ad, and is currently a partially finished two bedroom, ready for your personalized finishing touch! This unit can be owner occupied or rented out for substantial additional income as the unit is an inviting and spacious multi-level layout. In the basement you'll find brand new mechanicals and the spacious two car garage offers additional storage space or a development opportunity. The property has both a new roof, and new decks, as well as new windows and an excellent riverfront location just 15 minutes from Mohegan Sun and Foxwoods and 30 minutes to Mystic.
  1. Listed by Zach Pranger • Group Realty LLC
    P: (203) 575-9970 C: (203) 751-1390 zachary@eastcoastgrouprealty.com

Property Details for 568 North Main Street

Basement Description
Full, Unfinished, Hatchway Access, Concrete Floor
Direct Waterfront
No
Garages Number
4
Neighborhood
Greenville
Style
Units on different Floors
Garage Parking Info
Detached Garage
Swimming Pool
No

Location

Listing Courtesy of Group Realty LLC, Zach Pranger
Add your commute
LISTING UPDATED: 05/16/2024 04:48 PM

Property Details for 568 North Main Street

StatusUnder Contract
MLS #24015295
Days on Market13
Taxes$5,657 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1875
Lot Size0.08 AC / 3,484 SF
CountyNew London County

Location

Listing Courtesy of Group Realty LLC, Zach Pranger
Add your commute

Building Information for 568 North Main Street

Stories-Residences5Year Built1875Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$2,654 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,183

Property Taxes

$471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 568 North Main Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: 568 N Main St in Norwich, CT
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.53762
  • Longitude: -72.05333
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $5,657
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Walk to Water, View
Interior Features
  • Attic Description: Access Via Hatch
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: Yes
  • Fireplaces Total: 3
  • Laundry Room Info: Washer/Dryer All Units
  • Rooms Total: 20
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Gable
  • Year Built: 1875
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 4284
Lot Information
  • Lot Description: Corner Lot, Water View
  • Parcel Number: 2027909
  • Sq Ft Est Heated Above Grade: 4284.0
  • Sq Ft Total: 4284.0
  • Zoning: MF
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Other, 40 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 5
  • Total Rooms Multi Family: 20
Unit 1
  • Lease: Leased
  • Listing Key: 17950A18415D4570E063D501100AF0C6
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 05-16-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 07-31-2024
  • Listing Key: 17950A18415D4570E063D501100AF0C6
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-16-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 07-31-2024
  • Listing Key: 17950A18415D4570E063D501100AF0C6
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 05-16-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Lease Expires: 07-31-2024
  • Listing Key: 17950A18415D4570E063D501100AF0C6
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 05-16-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Lease Expires: 07-31-2024
  • Listing Key: 17950A18415D4570E063D501100AF0C6
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 05-16-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 568 North Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 568 North Main Street

Taxable ValueLand$13,900Additions$102,400Total$116,300
Tax Record2023$5,657 ($471 / month)
Home Facts
Total Finished SqFt4,284 SqFtAbove Grade Finished SqFt4,284 SqFtStories2Lot Size3,485 SqFtStyleMulti-Family Res (5+ Units)Year Built1875ZoningMFCountyNEW LONDONAPNNORW M:87 B:1 L:56

Schools near 568 North Main Street

This home is within Norwich School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - K to 2
Public - K to 5
Rating
School
Distance
John M. Moriarty School
PublicK to 5

Kelly Middle School
Public6 to 8

Irs Program At Moriarty
PublicK to 2

Aba Autism Program
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Group Realty LLC, Zach Pranger

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.