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171 Broadway Norwich, CT 06360
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Key Details
Sold Price $557,500
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 10,703 sqft
Price per Sqft $52
MLS Listing ID 170487957
Sold Date 07/22/22
Style Units on different Floors,Units are Side-by-Side
Bedrooms 16
Full Baths 6
Year Built 1860
Annual Tax Amount $8,571
Lot Size 2.270 Acres
Property Sub-Type 5 Family+
Property Description
10 unit multi-family portfolio for sale. This portfolio consist of a 4-family (171 Broadway) and two 3-family properties (167 Broadway and 112 Chestnut St) which sit on three adjacent lots. Very spacious units with high ceilings and long term tenants. Separate electric meters for all tenants. Heat and hot water included in rent. Ample off street parking. Three lots can be combined for a potential development of 32 units. Great investment opportunity with long term potential for developing. 171 Broadway has a lead abatement order for exterior and Unit 1. Grant can be applied for through town. Agent has quote available. Please see attached P&L.
Location
State CT
County New London
Zoning MF
Rooms
Basement Full With Walk-Out, Concrete Floor, Storage
Interior
Heating Baseboard, Radiator
Cooling None
Exterior
Parking Features Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Lightly Wooded
Foundation Brick, Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Norwich Free Academy
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Bought with James Corby • eXp Realty