502 Main East Street,Norwich, CT 06360
Norwich, CT 06360
Description
**Turnkey Four-Unit Investment Opportunity!** Fully renovated and fully rented, this exceptional property offers four spacious three-bedroom, one-bath units-three in the main building and a separate cottage in the rear. Generating approximately $7,500 per month, or $90,000 annually, in reliable rental income, this is an outstanding opportunity for investors seeking immediate cash flow with minimal deferred maintenance. Extensive renovations have been completed throughout, offering low expenses and overhead and eliminating the need for major capital improvements. Three of the four units feature laundry hookups and dishwashers. Ideally located near shopping, dining, medical facilities, major commuter routes, and the area's nearby casinos. This property combines strong rental demand with convenience. Whether you're expanding your portfolio or looking for a turnkey income-producing asset, this four-unit property offers an attractive combination of condition, income, and location.
Details
| MLS # | 24190644 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1860 |
| Days On Site | 37 |
| Listing Provided By | William Raveis Real Estate | James Kelly |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,724 |
| Basement | Y |
| Units | 4 |
| Zoning | MF |
| Acreage | 0.11 |
Interior
| Total Rooms | 24 |
|---|---|
| Cooling System | None |
| Fireplaces Total | 0 |
| Laundry Room Info | Hook-Up In Unit 2, Hook-Up In Unit 3, Hook-Up In Unit 4 |
Exterior
| Exterior Features | Sidewalk |
|---|---|
| Roof Information | Asphalt Shingle |
| Foundation Type | Concrete, Stone |
Parking
| Garages Number | 0 |
|---|
Utilities
| Sewage System | Public Sewer Connected |
|---|---|
| Energy Features | Storm Doors, Thermopane Windows |
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 6625 |
Area Information
| State | CT |
|---|---|
| County | New London |
| City | Norwich |
| Zip Code | 06360 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Norwich Free Academy |
| Listing VS Median (in 06360) | |
Price: $725,000 low | high Med: $299,900 sqft: 3,724 low | high Med: 1,454 $ / sqft: $195 low | high Med: $206 On site: 37 low | high Med: 77 | |
Market Activity 06360
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Learn More About This Property
| State | CT |
|---|---|
| County | New London |
| City | Norwich |
| Zip Code | 06360 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Norwich Free Academy |
| Listing VS Median (in 06360) | |
Price: $725,000 low | high Med: $299,900 sqft: 3,724 low | high Med: 1,454 $ / sqft: $195 low | high Med: $206 On site: 37 low | high Med: 77 | |
