327 Central Avenue

Norwich, CT 06360

$334,000
Price
7
Beds
3
Baths
1
1/2 Bath
3,096 Sq. Ft.
$108 / Sq. Ft.
3,096
Sq. Ft.
$108
per Sq. Ft.

Description

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...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.
  1. Listed by Dennisse Rivera-Mercado • Kempf-Vanderburgh Realty
    P: (860)-313-9964 C: (860)-313-9964 rivera.dennisse@gmail.com

Property Details for 327 Central Avenue

Basement Description
Full
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors, Other
Garage Parking Info
None, Off Street Parking, Driveway
Swimming Pool
No
LISTING UPDATED: 12/16/2024 01:38 PM

Property Details for 327 Central Avenue

StatusActive
MLS #24061367
Days on Market23
Taxes$2,834 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Other
Year Built1850
Lot Size0.12 AC / 5,227 SF
CountyNew London County

Building Information for 327 Central Avenue

Stories-Residences3Year Built1850Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 327 Central Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Corner of 10th Street and Central Ave
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.536951
  • Longitude: -72.054389
  • State: Connecticut
Parking
  • Parking Total Spaces: 8
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $2,834
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Rooms Total: 13
Property
Property and Assessments
  • Color: White
  • Construction Description: Brick, Stone
  • Driveway Type: Private
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • New Construction Type: No/Resale
  • Roof: Shingle
  • Year Built: 1850
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 3096
Lot Information
  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 2027985
  • Sq Ft Est Heated Above Grade: 3096.0
  • Sq Ft Total: 3096.0
  • Zoning: MF
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 13
Unit 1
  • Listing Key: 277640A2C76E8040E063D501100AE38A
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 12-16-2024
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Vacant
Unit 2
  • Listing Key: 277640A2C76E8040E063D501100AE38A
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 12-16-2024
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 3
  • Listing Key: 277640A2C76E8040E063D501100AE38A
  • Unit Appliances: Electric Cooktop,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 12-16-2024
  • Unit Monthly Rent: $2,500
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Vacant

Property History for 327 Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 327 Central Avenue

Taxable ValueLand$19,000Additions$55,200Total$74,200
Tax Record2024$2,834 ($236 / month)
Home Facts
Total Finished SqFt3,096 SqFtAbove Grade Finished SqFt3,096 SqFtUnfinished Basement SqFt1,408 SqFtStories2Lot Size5,227 SqFtStyleMiscellaneous CommercialYear Built1850ZoningMFCountyNEW LONDONAPNNORW M:87 B:2 L:73

Schools near 327 Central 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
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

327 Central Avenue is a multi-family home for sale in Norwich, CT 06360. This property was listed for sale on November 25, 2024 by Kempf-Vanderburgh Realty, it's currently listed at $334,000. It has been on the market for a total of 23 days and was last sold on October 26, 2023. This listing's school district is Norwich School District. Nearby schools include John M. Moriarty School, Kelly Middle School and Irs Program At Moriarty. 327 Central Avenue is a 7-bed, 3.5-bath, 3,096 sqft multi-family home built in 1850.

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. Offers of compensation are subject to change at the discretion of the seller. 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 Kempf-Vanderburgh Realty, Dennisse Rivera-Mercado

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.