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    122 Yantic Road

    Norwich, CT 06360
    • $365,000
    • STATUS: Active
    • ON SITE: 56 days
    • MLS #: 170421379
    Price Reduced
    UPDATED: 73 min ago
    $365,000
    • 6
      BEDS
    • 0.36
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,204
      SQFT
    • $114
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    Great opportunity for Owner-Occupied OR Investor as this 4-Family property producing a solid $42,000 in Gross annual rental income that has headroom since they are below-market rates. All tenants are current on their rent and are now on month-to-month leases. That's great if you want to occupy one of the apartments yourself, however, the tenants all would like to stay if you are an investor. There's plenty of parking and maintenance is easy given all units are electric heat (no aging boilers to deal with!) and tenants pay for their own Heat/HW. There's an on-site coin-operated laundry room for all of the tenants to use. The roof is at its mid-life point being just 12 years old and the hot water heaters are an average of 5+ years old.

    Monthly Payment Calculator



    The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc. Data last updated: 2021-09-20T18:10:03.807.
    www.frankschiavone.com/homes/119705821
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    122 Yantic Road Norwich, CT 06360

    • Price: $365,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 170421379
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.36
    Acres
    3,204
    SQFT
    $114
    $/SQFT
    1900
    Built
    Neighborhood:
    Yantic
    County:
    New London
    Area:
    Norwich
    Elementary School:
    Samuel Huntington
    High School:
    Norwich Free Academy
    Property Description
    Great opportunity for Owner-Occupied OR Investor as this 4-Family property producing a solid $42,000 in Gross annual rental income that has headroom since they are below-market rates. All tenants are current on their rent and are now on month-to-month leases. That's great if you want to occupy one of the apartments yourself, however, the tenants all would like to stay if you are an investor. There's plenty of parking and maintenance is easy given all units are electric heat (no aging boilers to deal with!) and tenants pay for their own Heat/HW. There's an on-site coin-operated laundry room for all of the tenants to use. The roof is at its mid-life point being just 12 years old and the hot water heaters are an average of 5+ years old.
    Exterior Features

    Color Gray Construction Description Frame Driveway Type PrivateAsphaltGravel Exterior Features DeckGuttersSidewalk Exterior Siding Vinyl Siding Foundation Type Stone Lot Description Level Lot Roof Information Asphalt Shingle Style Units On Different Floors Waterfront Description Not Applicable

    Interior Features

    Attic Description Pull-Down Stairs Attic Yn Yes Basement Description PartialCrawl SpaceUnfinishedDirt FloorInterior Access Cooling System None Fireplaces Total 0 Heat Type Baseboard Hot Water Description 40 Gallon TankElectric

    Property Features

    Association Amenities None Bank Owned Property Yn No Direct Waterfront Yn No Energy Features Storm Windows Flood Zone Yn No Fuel Tank Location Non Applicable Garage Parking Info DrivewayOff Street ParkingParking Lot Heat Fuel Type Electric Hoa Yn No Home Warranty Offered Yn No Laundry Room Info Coin Op LaundryCommon Laundry Area Nearby Amenities Health ClubShopping/Mall New Construction Type No/Resale Possession Availability Immediate Potential Short Sale Yn No Property Sub Type 4 Family Property Tax 4629 Radon Mitigation Air Ynu No Radon Mitigation Water Ynu No Sewage System Public Sewer Connected Sign Yn Yes Swimming Pool Yn No Water Source Public Water Connected Zoning R20

    Listing information © 2021 Smart MLS
    Listing provided courtesy of Gregory E Hanner of Garden Realty.


    The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc. Data last updated: 2021-09-20T18:10:03.807.
     
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    Frank Schiavone with Douglas Elliman
    75 Arch Street
    Greenwich CT, 06830