This is a great opportunity to purchase an entirely renovated property with an 9.5+% CAP rate, located ½ mile from Bakus Hospital and the highway + close to town and less than 5 miles to Mohegan Sun Casino. The property is a total of (6) 2 bed/1 bath units with approx. 940 SF each. The entire building was renovated in 2015 including: roof, windows, furnaces/hot water heaters, electrical, plumbing and back porches. All units have been completely remodeled in 2015 including sheetrock, flooring, kitchens, baths, and fixtures. The utilities are separate and tenant paid - electric, gas H&HW + CAIR. The front of the building and the two 1st floor units are handicap accessible. There is no laundry on site. There are currently 2 Sect. 8 tenants. There are two driveways + off street parking behind the property. The asset is currently owner managed. There is city trash pick-up. This is truly a turn key investment opportunity.
Off market
Street View
Zestimate®
$503,600
30 McKinley Ave, Norwich, CT 06360
12beds
5,634sqft
5 Family+
Built in 1938
-- sqft lot
$503,600 Zestimate®
$89/sqft
$2,137 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Interior area
- Total interior livable area: 5,634 sqft
Property
Lot
- Size: 0.58 Acres
Details
- Parcel number: 2031749
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 Family+
Condition
- Year built: 1938
Utilities & green energy
- Water: Public Water Connected
Community & neighborhood
Location
- Region: Norwich
Other
Other facts
- Attic YN: 0
- Direct Waterfront YN: 0
- Exterior Features: Sidewalk, Porch, Lighting
- Heat Fuel Type: Natural Gas
- Hot Water Description: Natural Gas
- Fuel Tank Location: Non Applicable
- Lot Description: Level Lot
- Property Type: Multi-Family For Sale
- Sewage System: Public Sewer Connected
- Style: 3updown - Unit(s) per Floor
- Water Source: Public Water Connected
- Basement Description: Unfinished, Interior Access, Hatchway Access, Full
- Driveway Type: Paved, Private
- Energy Features: Thermopane Windows
- Nearby Amenities: Walk to Bus Lines, Commuter Bus, Medical Facilities, Public Transportation, Park, Library
- Exterior Siding: Stucco, Stone
- Swimming Pool YN: 0
- Home Warranty Offered YN: 0
- Cooling System: Central Air
- Flood Zone YN: 0
- Heat Type: Hot Air
- Construction Description: Frame
- Handicap Features: Ramps
- Foundation Type: Concrete
- Waterfront Description: Not Applicable
- Property Tax: 12049
- Roof Information: Flat
- Property Sub Type: 5 Family+
- Tax Year: July 2018-June 2019
- Assessed Value: 249000
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$503,600
2% more+$10,072
With Zillow Showcase(estimated)$513,672