Description
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.
Location
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Listing Agent: Amanda R Faroni Courtesy of: Vanguard Private Client Grp 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. Copyright 2022 SmartMLS, Inc. Updated: 28th May, 2022 4:28 PM (UTC)