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$410,000

Est. payment - /mo

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6 Beds

3 Baths

3,353 SqFt

New

70 Prospect Street Norwich, CT 06360

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Hellen Jimenez McGraw

connect@soldbyhellen.realtor +1(475) 323-3855

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Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,353 sqft

Price per Sqft $122

MLS Listing ID 24150130

Style Units on different Floors,Units are Side-by-Side

Bedrooms 6

Full Baths 3

Year Built 1860

Annual Tax Amount $8,924

Lot Size 10,890 Sqft

Property Sub-Type 3 Family

Property Description

3-Family Property with Garage & Expansion Potential Excellent opportunity to own a 3-family multifamily property offering a versatile unit mix and strong upside potential. The building includes one 3-bedroom, 1-bath unit, one 2-bedroom, 1-bath unit, and one studio apartment, making it well-suited for both owner-occupants and investors. A standout feature of the property is the large two-level garage located at the rear, providing abundant storage and presenting a potential opportunity for additional income or future build-out, subject to proper due diligence and municipal approvals. The studio unit has been recently remodeled with new flooring, fresh paint, a new refrigerator, updated vanity, and modern fixtures, offering a clean and move-in-ready living space. Heating systems include two oil-fired boilers, with one servicing Unit 1 and one servicing Unit 2, both providing heat and hot water. The studio unit is heated by a natural gas furnace located within the unit and features an electric hot water heater. There is additional upside potential, as heating can be fully separated by adding an oil tank and supply line, allowing for improved utility allocation and operating efficiency. With its flexible layout, garage expansion potential, and recent updates, this property presents a solid investment with room to add value and increase long-term returns.

Location

State CT

County New London

Zoning MF

Rooms

Basement Full, Unfinished, Hatchway Access, Interior Access, Concrete Floor

Interior

Heating Hot Air, Hot Water

Cooling None

Exterior

Exterior Feature Sidewalk, Breezeway, Porch, Deck, Gutters, Lighting

Parking Features Carport, Detached Garage, Paved, Off Street Parking, Driveway

Garage Spaces 2.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Brick, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Harrison Graham • IMT Realty