227 West Town Street

Norwich, CT 06360

$575,000
Price
9
Beds
6
Baths
4,303 Sq. Ft.
$134 / Sq. Ft.
4,303
Sq. Ft.
$134
per Sq. Ft.

Description

Great investment property! 2 buildings with 4 apartments. Fully leased. NOI is $50,000, 8 CAP. Building 1 has 2 apartments with high ceilings, hardwood floors, natural light, washer & dryer, ceiling fans and some outdoor deck. Building 2 has 2 apartments, 1 studio, 1 two bedroom and 1 garage. Property is very well maintained with parking on site. Conveniently located near I-395. Please see also MLS #170611522.Great investment property! 2 buildings with 4 apartments. Fully leased. NOI is $50,000, 8 CAP. Building 1 has 2 apartments with high ceilings, hardwood floors, natural light, washer & dryer, ceiling fans and some outdoor deck. Building 2 has 2 apartments, 1 studio, 1 two bedroom and 1 garage. Property is very well maintained with parking on site. Conveniently located near I-395. Please see also MLS #170611522.
  1. Listed by Constance Howard • US Properties
    P: (860) 437-0101 C: (860) 437-0101 chowardusp@gmail.com
  2. Listed by Susan Howard • US Properties
    P: (860) 437-0101 C: (860) 437-0101 showard@uspropre.com

Property Details for 227 West Town Street

Basement Description
Full
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None, Parking Lot
Swimming Pool
No

Location

Listing Courtesy of US Properties, Constance Howard; US Properties, Susan Howard
Add your commute
LISTING UPDATED: 04/18/2024 02:02 PM

Property Details for 227 West Town Street

StatusActive
MLS #170611522
Days on Market160
Taxes$8,378 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1885
Lot Size0.66 AC / 28,749 SF
CountyNew London County

Location

Listing Courtesy of US Properties, Constance Howard; US Properties, Susan Howard
Add your commute

Building Information for 227 West Town Street

Stories-Residences5Year Built1885Building Size-Lot Size0.66 AC / 28,749 SF

Payment Calculator

$3,836 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$698

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 227 West Town Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: From I-395 North to Exit 14. Left off exit. Property will be on the right.
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.557391
  • Longitude: -72.110942
  • Neighborhood Amenities: Commuter Bus, Medical Facilities, Paddle Tennis, Park, Private School(s), Public Transportation, Shopping/Mall, Walk to Bus Lines
  • State: Connecticut
Parking
  • Parking Total Spaces: 6
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $8,378
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Gas on Gas, Hot Air
  • Attic YN: No
  • Laundry Room Info: Washer/Dryer Some Units
  • Rooms Total: 23
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1885
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Treed, Sloping Lot
  • Parcel Number: 2026351
  • Sq Ft Est Heated Above Grade: 4303.0
  • Sq Ft Total: 4303.0
  • Zoning: NC
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 80 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Total Number of Units: 5
  • Total Rooms Multi Family: 29
Building Details
  • Unit Count: 6
Unit 1
  • Lease: Leased
  • Lease Expires: 05-31-2024
  • Listing Key: 0A9C9F455F3CB556E063D501100ACABE
  • Unit Appliances: Cook Top,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 04-18-2024
  • Unit Monthly Rent: $1,900
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Listing Key: 0A9C9F455F3CB556E063D501100ACABE
  • Unit Appliances: Cook Top,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 04-18-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Listing Key: 0A9C9F455F3CB556E063D501100ACABE
  • Unit Appliances: Cook Top,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 04-18-2024
  • Unit Monthly Rent: $2,000
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Listing Key: 0A9C9F455F3CB556E063D501100ACABE
  • Unit Appliances: Cook Top,Refrigerator
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 04-18-2024
  • Unit Monthly Rent: $300
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Listing Key: 0A9C9F455F3CB556E063D501100ACABE
  • Unit Appliances: Cook Top,Refrigerator,Dishwasher
  • Unit Entry Order: 3
  • Unit Full Baths: 2
  • Unit Modified Date: 04-18-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 7
  • Unit Occupied By: Tenant

Property History for 227 West Town Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 227 West Town Street

Taxable ValueLand$23,400Additions$176,800Total$200,200
Tax Record2023$8,378 ($698 / month)
Home Facts
Lot Size28,750 SqFtStyleOffice BuildingZoningNCCountyNEW LONDONAPNNORW M:58 B:1 L:7

Schools near 227 West Town Street

This home is within Norwich School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - K to 5
Public - K to 2
Rating
School
Distance
Samuel Huntington School
PublicK 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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227 West Town Street is a multi-family home for sale in Norwich, CT 06360. This property was listed for sale on November 20, 2023 by US Properties, it's currently listed at $575,000. It has been on the market for a total of 160 days and was last sold on April 3, 2017. This listing's school district is Norwich School District. Nearby schools include Samuel Huntington School, Kelly Middle School and Aba Autism Program. 227 West Town Street is a 9-bed, 6-bath, 4,303 sqft multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of US Properties, Constance Howard; US Properties, Susan Howard

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.