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118 Norwich Avenue, Norwich, CT 06360
$375,000
118 Norwich Avenue, Norwich, CT 06360View this property at 118 Norwich Avenue, Norwich, CT 06360
118 Norwich AvenueNorwichCT06360
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Property Description
Welcome to this prime opportunity to invest in a versatile 4-unit multifamily property, brimming with potential and awaiting your personal touch! Located in the Taftville area of Norwich, this property presents an ideal canvas for both seasoned investors and ambitious individuals looking to enter the real estate market. Comprising of three spacious 3-bedroom, 1-bathroom units along with a 2-bedroom, 1-bathroom unit, this property offers a diverse range of rental options to cater to various tenant needs. Whether you're targeting families, or young professionals, this property's versatile layout ensures broad appeal. While the property requires some TLC and renovation work, envision the possibilities that await. With a little investment and creativity, you can transform these units into modern, attractive living spaces, maximizing rental income potential and enhancing property value. Situated in a convenient location, close to the highway and bus routes, residents will enjoy easy access to amenities, schools, transportation, and recreational facilities, enhancing the property's appeal and marketability. Don't miss this chance to capitalize on an investment with abundant potential. Seize the opportunity to turn this diamond in the rough into a lucrative addition to your real estate portfolio. Schedule a viewing today and unlock the possibilities that await at this promising investment property! Selling "AS IS"
Full Property Details
Full Property Details for 118 Norwich Ave
General
- Price: $375,000
- Taxes: (July 2023-June 2024)
- Status: Active
- Type: Multi-Family
- MLS ID: 24014528
- Updated: 5/28/2024
- Added to Site: 26 day(s) ago
Interior
- Number of Rooms: 19
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 11
Parking
- Parking: None
Location
- County: New London
- Neighborhood: Taftville
- Driving Directions: GPS Friendly
School Information
- Elementary School: Per Board of Ed
- High School: Norwich Free Academy
Community
- Community Name: Taftville
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
- Water Heater: Other, 50 Gallon Tank
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors, Units are Side-by-Side
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding
- Basement Desc.: Full
- Roof: Asphalt Shingle
- Attic: Yes
- Square Feet: 4,593
- Above Ground: 4,593 Sq. Ft.
- Year Built: 1875
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Total Bathrooms: 1
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.62
- Zoning: Gc/R10
- Lot Description: N/A
Financial Considerations
- Assessment Amount: $121,500
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Property ID: 2028372
Listed by RE/MAX Legends, Joel Cassar
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Schools
Schools serving 118 Norwich Ave
School District:Norwich School District
Rating | Name | Grades | Distance |
---|---|---|---|
20 Lawler Ln, Norwich, CT 06360 | K-5 | 1.4 mi | |
25 Mahan Dr, Norwich, CT 06360 | 6-8 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 Norwich Ave
Date
Details
Price
Change
Source
5/06/2024
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 118 Norwich Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,085
-1%
$121,500
—
2022
$5,125
—
$121,500
—
2021
$5,146
—
$121,500
—
2020
$5,149
4%
$121,500
—
2019
$4,938
4%
$121,500
6%
2018
$4,747
2%
$114,500
—
2017
$4,657
-2%
$114,500
—
2016
$4,774
1%
$114,500
—
2015
$4,727
6%
$114,200
—
2014
$4,458
-13%
$114,200
-39%
2011
$5,132
—
$186,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 Norwich Ave
118 Norwich Avenue, Norwich, CT 06360 (MLS# 24014528) is a Multi-Family property with 4 units containing 11 bedrooms and 4 full bathrooms. 118 Norwich Avenue is currently listed for $375,000 and was received on May 03, 2024. Want to learn more about 118 Norwich Avenue? Do you have questions about finding other Multi-Family real estate for sale in Norwich? You can browse all Norwich real estate or contact a Coldwell Banker agent to request more information.