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For sale
  • Price cut: $9.1K (2/3)
    $299,900

    327 Central Ave, Norwich, CT 06360

    7beds
    3,096sqft
    : 
    Multi Family
    Built in 1850
    -- sqft lot
    $-- Zestimate®
    $97/sqft
    $-- HOA

    What's special

    Attention Investors or Owner-Occupants! Multi-Family Home with Commercial Space in Norwich -This mixed-use property has a unique opportunity with 3 units -2 residential and 1 commercial. The residential units are already generating income, while the commercial space provides endless possibilities for your business or additional residential conversion. Commercial space located on the first floor, previously used as a restaurant but ready for your personal touches. It can be easily converted to suit various businesses such as a mini grocery store, beauty/barber shop, nail salon, office, or more. Separate utilities for each unit. Recent owner upgrades include: New siding, gutters, and windows. The roof is approximately 5 years old. The two-bedroom unit is fully remodeled, and the four-bedroom unit has a renovated kitchen and bathroom. The commercial space and studio unit are in need of renovation, but it has huge potential for value growth. Centrally located, just 10 minutes from Mohegan Sun Casino and 13 minutes from Foxwoods Resort Casino two of Connecticut's top entertainment destinations! The prime location makes this an attractive option for both tenants and businesses, with a strong demand for rentals and commercial ventures. This property has great cash flow potential with tenants already in place, and the commercial space gives you the flexibility to bring your vision to life. Whether you're an investor or looking for an owner-occupied opportunity.
    156 days
    on Zillow
    |
    1,391
    |
    99
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 28, 2025 at 07:50am

    Listed by:

    Dennisse Rivera-Mercado,

    Kempf-Vanderburgh Realty

    Source: Smart MLS,MLS#: 24061367MLS Logo
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    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Appliances
    • Included: Water Heater
    • Laundry: None
    Features
    • Basement: Full
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 3,096
    • Total interior livable area: 3,096 sqft
    • Finished area above ground: 3,096

    Property

    Parking
    • Total spaces: 8
    • Parking features: None, Off Street, Driveway, Private
    • Has uncovered spaces: Yes
    Lot
    • Size: 5,227.2 Square Feet
    • Features: Corner Lot, Level
    Details
    • Parcel number: 2027985
    • Zoning: MF

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,Other
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1850

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Norwich

    Financial & listing details

    • Price per square foot: $97/sqft
    • Tax assessed value: $74,200
    • Annual tax amount: $2,834
    • Date on market: 11/26/2024
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