Rarely available, cash flowing & turn key investment opportunity with a total of 8 units and 17 acres in New London County. This offering consists of: (2) 4 family properties. #506 Plain Hill Rd in Norwich & #508 Plain Hill Rd in Franklin. All units are approx 830 SF w/2 bed/1 bath and have been updated as needed with flooring, fixtures, paint, kitchen and bath updates. Both properties are 100% occupied with stable tenant base. The heat (oil) is landlord paid. The electric is separate & tenant updated (hot water & lights). There is coin-op laundry on site for tenant convenience and additional income. The property has private well water & septic which keeps the expenses LOW! There are also many under market rents which offers the opportunity to increase rents & ADD VALUE! The properties have ample off-street parking and are situated on 17 acres - possible development (buyer to do due diligence). *Note: The property fronts Norwich but the buildings and significant acreage are in the town of Franklin.
Off market
Zestimate®
$646,100
506 Plain Hill Road, Norwich, CT 06360
12beds
6,656sqft
Multi Family
Built in 1969
-- sqft lot
$646,100 Zestimate®
$97/sqft
$2,476 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 03, 2022 at 01:31pm
Listed by:
Amanda R. Faroni-Sheehan 203-314-4219,
Vanguard Private Client Grp 203-887-2553
Bought with:
Kristin A Davis, RES.0813688
Northeast Property Group
Source: Smart MLS,MLS#: 170491193
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Oil
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
- Laundry: Coin Op Laundry
Features
- Basement: Full,Unfinished
- Attic: None
Interior area
- Total structure area: 6,656
- Total interior livable area: 6,656 sqft
- Finished area above ground: 6,656
Property
Parking
- Parking features: Driveway, Off Street, Asphalt, Gravel
- Has uncovered spaces: Yes
Features
- Exterior features: Rain Gutters, Lighting
Lot
- Size: 17 Acres
- Features: Level, Few Trees
Details
- Parcel number: 2414562
- Zoning: R40/R8
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Community
- Community features: Golf, Lake, Medical Facilities, Park, Playground
Location
- Region: Norwich
- Subdivision: Norwichtown
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$646,100
2% more+$12,922
With Zillow Showcase(estimated)$659,022