122 Yantic Rd

Norwich, CT 06389

$340,000
Last Sold Price
6
Beds
3,204 Sq. Ft.
$106 / Sq. Ft.
3,204
Sq. Ft.
$106
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/14/21
Closed 12/14/21

Description

Great opportunity for Owner-Occupied OR Investor as this 4-Family property producing a solid $42,000 in Gross annual rental income that has headroom since they are below-market rates. All tenants are current on their rent and are now on month-to-month leases. That's great if you want to occupy one of the apartments yourself, however, the tenants all would like to stay if you are an investor. There's plenty of parking and maintenance is easy given all units are electric heat (no aging boilers to deal...Great opportunity for Owner-Occupied OR Investor as this 4-Family property producing a solid $42,000 in Gross annual rental income that has headroom since they are below-market rates. All tenants are current on their rent and are now on month-to-month leases. That's great if you want to occupy one of the apartments yourself, however, the tenants all would like to stay if you are an investor. There's plenty of parking and maintenance is easy given all units are electric heat (no aging boilers to deal with!) and tenants pay for their own Heat/HW. There's an on-site coin-operated laundry room for all of the tenants to use. The roof is at its mid-life point being just 12 years old and the hot water heaters are an average of 5+ years old.
  1. Listed by Gregory E Hanner • Garden Realty
    P: (860)-608-8659 C: (860)-608-8659 greg@gardenrealty.com

Property Details for 122 Yantic Road

Basement Description
Partial, Crawl Space, Unfinished, Dirt Floor, Interior Access
Direct Waterfront
No
Garages Number
0
Neighborhood
Yantic
Style
Units on different Floors
Garage Parking Info
Driveway, Off Street Parking, Parking Lot
Swimming Pool
No
LISTING CLOSED: 12/14/2021 12:00 AM

Property Details for 122 Yantic Road

StatusClosed
MLS #170421379
Days on Market79
Taxes$4,629 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1900
Lot Size0.36 AC / 15,681 SF
CountyNew London County
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Location

Listing Courtesy of Garden Realty, Gregory E Hanner

Sold By McCorrison DW Fish Real Estate, Brendon Mansaku

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Building Information for 122 Yantic Road

Stories-Residences4Year Built1900Building Size-Lot Size0.36 AC / 15,681 SF

Payment Calculator

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$2,114 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,728

Property Taxes

$386

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 122 Yantic Road

Summary
Property and Location
  • Acres Source: Public Records
  • Association Amenities: None
  • Directions: Rte. 2 to Yantic Rd - GPS friendly.
  • Elementary School: Samuel Huntington
  • Flood Zone: No
  • High School: Norwich Free Academy
  • Latitude: 41.55934
  • Longitude: -72.123314
  • Neighborhood Amenities: Health Club, Shopping/Mall
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2021-June 2022
  • Property Tax: $4,629
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck, Gutters, Sidewalk
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Pull-Down Stairs
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Rooms Total: 14
Property
Property and Assessments
  • Color: Gray
  • Construction Description: Frame
  • Driveway Type: Private, Asphalt, Gravel
  • Elevation Certificate: No
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Fuel Tank Location: Non Applicable
  • Gross SQFT Per Public Records: 6744
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Est Heated Below Grade: 0
  • Living Area SQFT Per Public Records: 3204
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2412056
  • Sq Ft Est Heated Above Grade: 3204.0
  • Sq Ft Total: 3204.0
  • Zoning: R20
Utilities
  • Energy Features: Storm Windows
  • Heat Fuel Type: Electric
  • Hot Water Description: 40 Gallon Tank, Electric
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 42000
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 14
Building Details
  • Unit Count: 4
Unit 1
  • Lease: Monthly
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Average Sq Ft: 500
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 07-21-2021
  • Unit Monthly Rent: $700
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Average Sq Ft: 900
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 07-21-2021
  • Unit Monthly Rent: $900
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Average Sq Ft: 1200
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 07-21-2021
  • Unit Monthly Rent: $1,100
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 07-21-2021
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant

Public Records for 122 Yantic Road

Taxable ValueLand$40,500Additions$68,800Total$109,300
Tax Record2022$4,610 ($384 / month)
Home Facts
Baths4Total Finished SqFt3,204 SqFtAbove Grade Finished SqFt3,204 SqFtUnfinished Basement SqFt1,044 SqFtStories3Lot Size15,682 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningR20CountyNEW LONDONAPNNORW M:49 B:1 L:52

Schools near 122 Yantic Road

This home is within Norwich School District.
Rating
School
Type
Grades
Distance
Samuel Huntington School
Public - PK to 5
Kelly Middle School
Public - 6 to 8
Aba Autism Program
Public - K to 5
Irs Program At Moriarty
Public - K to 2
Rating
School
Distance
Samuel Huntington School
PublicPK to 5

Kelly Middle School
Public6 to 8

Aba Autism Program
PublicK to 5

Irs Program At Moriarty
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

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8 Sunnyside E Rd Extension, Yantic, CT 06389
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–
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–
7 Sunnyside E Rd Extension, Unit 7, Norwich, CT 06389
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–
122 Yantic Lane, Norwich, CT 06389
$340,000
–
4
3,204
0.36

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Garden Realty, Gregory E Hanner

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.