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$300,000

  • Sold
  • Closed
  • Multi-Family
  • 9 Total Beds
  • 2 Car Garage
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ADD VALUE opportunity with a $1,050,000 ARV. Come see this 9 unit property this Wednesday, 8/21, from 11am to noon, where full access to the entire property will be provided. This is a legal 9 unit building with off street parking that is currently unoccupied. 5 of the 9 units require a complete rehab and the remaining 4 are in fair to good condition. There is a full height, walk-up attic providing additional opportunity to drive value north of $1.2 million. This opportunity leaves an investor well positioned to maximize property value and cash flow as quickly as possible, since the property will convey free of all tenants. The seller is motivated, so be sure to stop by this Wednesday and bring all offers. Wednesday (8/21) from 11am to noon. Norwich is a city benefiting from an increasing population, a 10% YOY rental growth, and a 3% vacancy rate in the multifamily sector. An area seeing a significant amount of development due to its close proximity to Foxwoods and Mohegan casinos. One of CT's largest employers, Electric Boat, in nearby Groton, Ct just hired over 5,000 new employees as part of a $1.3 billion contract modification recently secured with the US Navy to manufacture their fleet of next generation submarines.

Full Property Details for 92-98 Boswell Ave

General

  • Sold For: $300,000
  • Taxes: (July 2024-June 2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24038693
  • Added to Site: 528 day(s) ago

Interior

  • Number of Rooms: 36

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 9

Bedrooms

  • Total Bedrooms: 9

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Detached Garage

Location

  • County: New London
  • Neighborhood: Franklin Square
  • Driving Directions: Call Agent. Park Street side

School Information

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Community

  • Community Name: Franklin Square

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Radiant, Oil
  • Heating Fuel: Oil
  • Water Heater: Upright Tank

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full
  • Roof: Asphalt Shingle
  • Attic: Yes
  • Square Feet: 6,606
  • Above Ground: 6,606 Sq. Ft.
  • Year Built: 1890

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Full Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.51
  • Zoning: MF
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $210,900
  • Tax Year: July 2024-June 2025

Disclosures and Reports

  • Property ID: 2416727

Listed and Sold by Realty Exclusive LLC, Anthony Velez

Listing agent

— 92-98 Boswell Ave —

  • Anthony Velez

    Realty Exclusive LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 92-98 Boswell Ave

School District:Norwich School District
NameGradesDistance
John M. Moriarty School
20 Lawler Lane, Norwich, CT 06360
K-52.9 mi
Kelly Middle School
25 Mahan Drive, Norwich, CT 06360
6-81.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 92-98 Boswell Ave

Date
Details
Price
Change
Source
11/04/2024
Sold
$300,000
-39.39%
MLS
8/18/2024
Price Reduced
$495,000
-34%
MLS
8/08/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Realty Exclusive LLC, Anthony Velez

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92-98 Boswell Avenue, Norwich, CT 06360 (MLS# 24038693) is a Multi-Family property that was sold at $300,000 on November 04, 2024. Want to learn more about 92-98 Boswell 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.