502 E Main St, Norwich, CT 06360
- $725,000
- 12
- BD
- 4
- BA
- 3,724
- SqFt
- List Price
- $725,000
- Status
- ACTIVE
- MLS#
- 24190644
- Year Built
- 1860
- Style
- Other
- Bedrooms
- 12
- Bathrooms
- 4
- Acres
- 0.11
- Living Area
- 3,724
Property Description
**Turnkey Four-Unit Investment Opportunity!** Fully renovated and fully rented, this exceptional property offers four spacious three-bedroom, one-bath units-three in the main building and a separate cottage in the rear. Generating approximately $7,500 per month, or $90,000 annually, in reliable rental income, this is an outstanding opportunity for investors seeking immediate cash flow with minimal deferred maintenance. Extensive renovations have been completed throughout, offering low expenses and overhead and eliminating the need for major capital improvements. Three of the four units feature laundry hookups and dishwashers. Ideally located near shopping, dining, medical facilities, major commuter routes, and the area's nearby casinos. This property combines strong rental demand with convenience. Whether you're expanding your portfolio or looking for a turnkey income-producing asset, this four-unit property offers an attractive combination of condition, income, and location.
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Additional Information
- Taxes
- $6,625
- Lot Size
- 4,791
- Heating
- Baseboard
- Cooling System Type
- None
- Water Source
- Public
- Basement
- Partial, Unfinished
- Exterior Features
- Sidewalk
- Elementary School
- Per Board of Ed
- High School
- Norwich Free Academy
Mortgage Calculator
Listing courtesy of James Kelly from William Raveis Real Estate. (860) 550-0295 (860) 886-1386