Smart MLS #24061367
327 Central Ave,
Norwich, CT 06360
For Sale
Multi-Family Home$299,900
3 Units · 3096 Sqft
Attention investors or owner-occupants! multi-family home with commercial space in norwich -this mixed-use property has a unique opportunity with 3 units -2 residential and 1 commercial. the residential units are already generating income, while the commercial space provides endless possibilities for your business or additional residential conversion. commercial space located on the first floor, previously used as a restaurant but ready for your personal touches. it can be easily converted to suit various businesses such as a mini grocery store, beauty/barber shop, nail salon, office, or more. separate utilities for each unit. recent owner upgrades include: new siding, gutters, and windows. the roof is approximately 5 years old. the two-bedroom unit is fully remodeled, and the four-bedroom unit has a renovated kitchen and bathroom. the commercial space and studio unit are in need of renovation, but it has huge potential for value growth. centrally located, just 10 minutes from mohegan sun casino and 13 minutes from foxwoods resort casino two of connecticut's top entertainment destinations! the prime location makes this an attractive option for both tenants and businesses, with a strong demand for rentals and commercial ventures. this property has great cash flow potential with tenants already in place, and the commercial space gives you the flexibility to bring your vision to life. whether you're an investor or looking for an owner-occupied opportunity.
Map
Listing
Market Stats
- List $299,900
- Original $349,900
- 123 Days on Market
Real Estate Agent
Details
Building
- Built 1850
- 3 Units
- 7 Beds
- 4.00 Baths
- 0 Fireplaces
- Full Basement
Sqft
- 3096 Total Sqft
Lot / Land
- 0.12 Acres
- 900 Neighborhood
- Corner Lot, Level Lot
Other
- 0 Garages
Utilities
- Baseboard
- Electric
- Public Water
- Domestic Hot Water
- Public Sewers
Taxes
- Assessment $74,200
- Mill Rate 33.25
- Taxes $2,834
- Parcel Num 2027985
Schools
Elementary
- Per Board of Ed
High
- Per Board of Ed
Mortgage Calculator
- 30yr Fixed-Rate Loan
- 6.83% Interest
- Purchase Price $299,900
- Down Payment $59,980 (20.00%)
Estimated Payment with
30yr Fixed Rate Mortgage
30yr Fixed Rate Mortgage
Monthly
$1,805
$1,805
Monthly Est. $1,805
Yearly Est. $21,661
30yr Est. $649,823
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This real estate listing for sale at 327 Central Ave has 7 bedrooms, 4.00 bathrooms, and was built in 1850. It is located in the Norwich, Connecticut area with the 06360 zip code. For more info about the property at 327 Central Ave, Norwich, CT 06360 United States or if you would like to schedule a showing, please contact the listing agent above.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:02:29. 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 2021 SmartMLS, Inc.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:02:29. 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 2021 SmartMLS, Inc.