50 Lake Street

Norwich, CT 06360

$179,000
Price
4
Beds
2
Baths
1,388 Sq. Ft.
$129 / Sq. Ft.
1,388
Sq. Ft.
$129
per Sq. Ft.

Description

This property presents a fantastic investment opportunity, with two spacious units, perfect for rental income or multi-generational living. Each unit offers two bedrooms and one bathroom at 694 sq ft each, providing ample space for comfortable living. Additionally, the property features a detached carport, providing convenient and covered parking for residents. Its prime location offers easy access to transportation and other conveniences, making it an attractive option for tenants.This property presents a fantastic investment opportunity, with two spacious units, perfect for rental income or multi-generational living. Each unit offers two bedrooms and one bathroom at 694 sq ft each, providing ample space for comfortable living. Additionally, the property features a detached carport, providing convenient and covered parking for residents. Its prime location offers easy access to transportation and other conveniences, making it an attractive option for tenants.

Listing Agent

  1. Jason Pollard

    Jason Pollard

    Listing Agent

    Compass

Property Details for 50 Lake Street

Basement Description
Partial
Direct Waterfront
No
Garages Number
2
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
Carport, Off Street Parking
Swimming Pool
No
Add your commute
LISTING UPDATED: 05/20/2024 11:25 AM

Property Details for 50 Lake Street

StatusActive
MLS #24018139
Days on Market14
Taxes$2,841 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1900
Lot Size0.08 AC / 3,484 SF
CountyNew London County
Add your commute

Building Information for 50 Lake Street

Stories-Residences2Year Built1900Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$1,214 per month

30 year fixed, 7.25% Interest

Principal and Interest

$977

Property Taxes

$237

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 50 Lake Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: per GPS
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Norwich Free Academy
  • Latitude: 41.531519
  • Longitude: -72.071708
  • Neighborhood Amenities: Basketball Court, Commuter Bus, Park, Playground/Tot Lot, Walk to Bus Lines
  • State: Connecticut
Parking
  • Parking Total Spaces: 4
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $2,841
Interior and Exterior Features
Exterior Features
  • Exterior Features: Awnings, Gutters
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Rooms Total: 10
Property
Property and Assessments
  • Color: gray
  • Construction Description: Frame
  • Exterior Siding: Wood, Other
  • Foundation Type: Brick
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 1388
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2032414
  • Sq Ft Est Heated Above Grade: 1388.0
  • Sq Ft Total: 1388.0
  • Zoning: MF
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, 30 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Vacant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 10
Unit 1
  • Lease: Monthly
  • Listing Key: 18832312BD3853DCE0631401100A05CF
  • Unit Average Sq Ft: 694
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 05-20-2024
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Listing Key: 18832312BD3853DCE0631401100A05CF
  • Unit Average Sq Ft: 694
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-20-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant

Property History for 50 Lake 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 50 Lake Street

Taxable ValueLand$15,600Additions$42,800Total$58,400
Tax Record2023$2,841 ($237 / month)
Home Facts
Baths2Total Finished SqFt1,388 SqFtAbove Grade Finished SqFt1,388 SqFtUnfinished Basement SqFt694 SqFtStories2Lot Size3,485 SqFtStyleDuplexYear Built1900ZoningMFCountyNEW LONDONAPNNORW M:93 B:6 L:6

Schools near 50 Lake Street

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

Kelly Middle School
Public6 to 8

Aba Autism Program
PublicK to 5

Special Needs 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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50 Lake Street is a multi-family home for sale in Norwich, CT 06360. This property was listed for sale on May 19, 2024 by Compass, it's currently listed at $179,000. It has been on the market for a total of 14 days and was last sold on August 9, 2018. This listing's school district is Norwich School District. Nearby schools include John M. Moriarty School, Kelly Middle School and Aba Autism Program. 50 Lake Street is a 4-bed, 2-bath, 1,388 sqft multi-family home built in 1900.

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.

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.