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Sold on 09/17/2021
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524 E Main St, Norwich, CT 06360

$691,572

Last sold 09/17/2021 for $320K

  • 6

    bed

  • 4

    bath

  • 5,728

    Sqft ($56/Sqft)

Multi-family not for sale
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About 524 E Main St

Property type Multi-family
Neighborhood
Year built 1890
HOA fee $0/month
Lot size 0.25 Acre
Movoto estimate
Property description
Investors take notice: Well Maintained three story mix-use building fully renovated in 2008. Three one-bedroom apartments and one three-bedroom in addition to a commercial space formerly used as a pizza house. Commercial/retail space needs renovation. The rest of the building is completely updated. Property is located on corner of Hamilton Ave. and East Main St. The 5,728 sq.ft. building has been very well maintained and has plenty of off-street parking. There is plenty of room for storage on the 1st floor. All units are separately metered. Zone MF Multi-Family Zone. 130’ road frontage on Hamilton Ave; and 187’ road frontage on East Main St. Built 1890 and renovated 2008. Projected NOI @ $33,000.
Listed by
Listing Agent - Mary C Nasi
Listing Office - IMT Realty
Source: CONNECT MLS mls logo
MLS#170412925 • last updated 5 years ago
Movoto checked CONNECT MLS for data 4 minutes ago
Overview
Cooling/AC Window Unit
Heating Steam, Electric
Levels/Style Other
Type Multi-Family For Sale
Virtual Tour N/A
SubType 5 Family+
SqFt 5728
Lot Size (Acres) 0.25
Property Tax 7842
Property Condition No/Resale
Interior
Total # of Bathrooms 4
# of Full Baths 4
Total # of Bedrooms 6
Basement None
Attic Crawl Space
Accessibility Features Multiple Entries/Exits
Exterior
Foundation Brick
Construction Frame
Roofing Asphalt Shingle
Lot Description Corner Lot
Amenities / Utilities
Sewer/ Septic Public Sewer Connected
Location
Waterfront Not Applicable
Community Features Commuter Bus
Elementary School Per Board Of Ed
High School Per Board Of Ed
APN 2416133
Directions GPS
Multifamily Details
Net Operating Income 33000
$691K
Range: $622K-$760K
Last 30 days 
  • Sep 2021
    mls logo MLS # 170412925
  • Sep 21, 2021 Sold
    $320,000 (-8.6%)
  • Jul 9, 2021 Under Contract
    —
  • Jun 25, 2021 Listed
    $350,000 (+337.5%)
  • Dec 2005
    Public Records
  • Dec 13, 2005 Sold
    $80,000
  • Year Property taxes Tax assessment
  • 2024
    $8,620 +5.9%
    $213,000
  • 2023
    $8,137
    $213,000
  • 524 E Main St
    $320K
  • Central Norwich
    $269K +10% y/y
  • 06360
    $269K +7% y/y
  • Norwich
    $305K +7% y/y
No chart available
Statistics calculated by Movoto

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