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Off market
  • $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

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    $4,190/mo

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    What's special

    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.

    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#: 170491193MLS Logo

    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
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $646,100
    2% more+$12,922
    With Zillow Showcase(estimated)$659,022