122 Yantic Road

Closed 12/14/21
Closed 12/14/21
Gallery Image 1
Sold
Last Sold Price
$340,000
6 beds3,204 sqft
122 Yantic Rd, Norwich, CT 06389
Multi FamilyProperty Type
0.36 acresLot Size
1900Year Built
$106/sq ftPrice per sq ft

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.
Listing closed: 12/14/2021 12:00 AM • Source: SMARTMLS, MLS#: 170421379

Recent comparable sales

Median sold price

$391,000

Avg days on market

32

Sale-to-list ratio

101.3%

Norwich, CT

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$391,000 | 114 Yantic Road, Norwich, CT 06389
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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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$2,143 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,757

Property Taxes

$386

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Property Information for 122 Yantic Road

Property Details
  • Taxes: $4,629 / year
  • MLS Type: Multi-Family / 4 Family
  • County: New London County
  • 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
Building Information
  • Residences: 4
  • Year Built: 1900
  • Lot Size: 0.36 AC / 15,681 SF
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
Special Needs Program
Public - K to 5
Rating
School
Distance
Samuel Huntington School
PublicPK to 5

Kelly Middle School
Public6 to 8

Special Needs Program
PublicK to 5

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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 122 Yantic Road, Norwich, CT 06389
$340,000
6
3,204
15,681
11 Sunnyside E Rd Extension, Yantic, CT 06389
$161,000
3
2.5
2,396
34,848
8 Sunnyside E Rd Extension, Yantic, CT 06389
$164,900
3
1.5
1,287
–
6 Sunnyside E Rd Extension, Yantic, CT 06389
$164,900
3
1.5
1,287
–
7 Sunnyside E Rd Extension, Unit 7, Norwich, CT 06389
$110,000
3
1,287
–
122 Yantic Lane, Norwich, CT 06389
$340,000
–
4
3,204
15,682

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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.