19 days on rocket

Backup Offers

118 Norwich Ave, Norwich, CT, 06360

$375,000

Home List Price

$4,453*

Closing Credit

11 Bedrooms
4 Full Baths
4,593 SqFt
$82/SqFt
Multi
Schools Nearby

Location

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118 Norwich Ave, Norwich$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1875
HeatingOther
CoolingNone
BasementYes
MLS #24014528
Lot Size0.62 Acres
StatusAccepting Backup Offers
(Under Contract - Continue to Show)

About 118 Norwich Ave

Welcome to this prime opportunity to invest in a versatile 4-unit multifamily property, brimming with potential and awaiting your personal touch! Located in the Taftville area of Norwich, this property presents an ideal canvas for both seasoned investors and ambitious individuals looking to enter the real estate market. Comprising of three spacious 3-bedroom, 1-bathroom units along with a 2-bedroom, 1-bathroom unit, this property offers a diverse range of rental options to cater to various tenant needs. Whether you're targeting families, or young professionals, this property's versatile layout ensures broad appeal. While the property requires some TLC and renovation work, envision the possibilities that await. With a little investment and creativity, you can transform these units into modern, attractive living spaces, maximizing rental income potential and enhancing property value. Situated in a convenient location, close to the highway and bus routes, residents will enjoy easy access to amenities, schools, transportation, and recreational facilities, enhancing the property's appeal and marketability. Don't miss this chance to capitalize on an investment with abundant potential. Seize the opportunity to turn this diamond in the rough into a lucrative addition to your real estate portfolio. Schedule a viewing today and unlock the possibilities that await at this promising investment property! Selling "AS IS"

Property Details

Property Features

Property Information:

  • Year Built: 1875
  • Living Area: 4,593 SqFt

Listing Office:

  • Office Name: RE/MAX Legends
  • Office Phone: (860) 451-8000
  • Listing Agent: Joel Cassar

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.62 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

School Info

Assigned Schools Information:

  • Kelly Middle School, Public District Grades 6-8
  • John M. Moriarty School, Public District Grades KG-5

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $82/SqFt
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Housing Market Comparison

See how this home compares to others in Norwich, CT.

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Norwich, CT

City

Med. Sold Price

$233.2K

Med. Price/SqFt

$157

# of Sold Homes

32

118 Norwich Ave vs Norwich

19 DAYS ON ROCKET

$375,000

+$141.7K More

$82/SqFt

-$76 Less

KEY TAKEAWAY

This property is $141.7K more than the Median Sold Price and $76/SqFt less than other homes in Norwich, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24014528

Listing Office:

  • Office Name: RE/MAX Legends
  • Office Phone: (860) 451-8000
  • Listing Agent: Joel Cassar

IDXCopyright © 2024 Smart MLS. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2024, 4:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-514507
3
/10

  • John M. Moriarty School

  • 20 Lawler Ln

  • 1.44 miles

  • Public District Grades KG-5

Middle School

school-card-donut-514508
3
/10

  • Kelly Middle School

  • 25 Mahan Dr

  • 1.37 miles

  • Public District Grades 6-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,871. The most common annual income of people living in Norwich, CT is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›Norwich›06360›118 Norwich Ave

This home is located at 118 Norwich Ave in Norwich, CT and zip code 06360. This 4,593 square foot home, which was built in 1875, sits on a 0.62 acre lot. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $375,000.

Over 19 listings were sold over their listed price in April 2024 in Norwich, CT. In the same period over 10 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Norwich, CT between March 2024 and April 2024 decreased by 2.3%.

From Rocket Homes Real Estate and based on county public records data.

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