327 Central Avenue
$334,000
7
3
1
3,096
3,096
$108
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.
- Listed by Dennisse Rivera-Mercado • Kempf-Vanderburgh RealtyP: (860)-313-9964 C: (860)-313-9964 rivera.dennisse@gmail.com
Property Details for 327 Central Avenue
Basement Description
Full
Direct WaterfrontNo
Garages Number0
NeighborhoodN/A
StyleUnits on different Floors, Other
Garage Parking InfoNone, Off Street Parking, Driveway
Swimming PoolNo
LISTING UPDATED: 12/16/2024 01:38 PM
Property Details for 327 Central Avenue
Status | Active |
---|---|
MLS # | 24061367 |
Days on Market | 23 |
Taxes | $2,834 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Other |
Year Built | 1850 |
Lot Size | 0.12 AC / 5,227 SF |
County | New 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
Property History for 327 Central 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 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.
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