24-26 Merchants Avenue
$589,000
8
5
3,768
3,768
$156
Description
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...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.
- Listed by Krystal A Davis • RE/MAX ONEP: (860)-701-8549 C: (860)-701-8549 caronk77@gmail.com
Property Details for 24-26 Merchants Avenue
Basement Description
Crawl Space
Direct WaterfrontNo
Garages Number2
NeighborhoodTaftville
StyleUnits on different Floors, Units are Side-by-Side
Garage Parking InfoDetached Garage
Swimming PoolNo
LISTING UPDATED: 09/12/2024 08:21 PM
Property Details for 24-26 Merchants Avenue
Status | Active |
---|---|
MLS # | 24046331 |
Days on Market | 59 |
Taxes | $6,281 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 5 Family+ |
Year Built | 1880 |
Lot Size | 0.86 AC / 37,461 SF |
County | New London County |
Building Information for 24-26 Merchants Avenue
Stories-Residences5Year Built1880Building Size-Lot Size0.86 AC / 37,461 SF
Property Information for 24-26 Merchants Avenue
Property History for 24-26 Merchants Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 24-26 Merchants Avenue
Taxable ValueLand$34,800Additions$154,100Total$188,900
Tax Record2024$6,281 ($523 / month)
Home Facts
Total Finished SqFt3,768 SqFtAbove Grade Finished SqFt3,768 SqFtUnfinished Basement SqFt644 SqFtStories2Lot Size37,462 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningNCCountyNEW LONDONAPNNORW M:46 B:1 L:35
Schools near 24-26 Merchants Avenue
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 |
---|---|---|
Wequonnoc 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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