Opportunity knocks! This fully occupied 3-family home on 1.19 acres features a rural feel, thanks to its expansive front yard and buildings set back from the road. Despite its rural ambiance, it offers urban conveniences and presents strong income potential. The 3D tour shows the exterior of the property. Each apartment includes 2 Bedrooms, in-unit laundry hookups, and separate utilities. Two units are located on the ground floor, and all tenants are long-term, with month-to-month agreements. The 2nd-floor tenant is actively planning to purchase, creating the possibility for an owner-occupant Buyer to step in. A detached 4-Car Garage plus a 2-Car Carport adds rental income, and there is abundant off-street parking. Recent updates include a brand-new main house roof and a 5-year-old garage roof. Landlord covers water, sewer, snow removal, and yard maintenance. The current gross monthly income is $3,740, with market rents projected to be higher. The current Cap rate is 5.6%, and it could be increased to 10.0% with modest rental rate increases. A full pro forma is available. This property delivers both stability and growth potential for Investors or flexibility for an Owner-Occupant. Conveniently located in Taftville near Norwich amenities and highways, this opportunity is a rare find. This opportunity is available to Cash Buyers or those using conventional mortgages, as the building won’t qualify for FHA or VA financing due to peeling paint.
- Heating System:
- Hot Air, Hot Water
- Cooling System:
- No
- Basement:
- Concrete Floor, Interior Access, Walk-out, Partial, Partial With Walk-out
- Driveway Type:
- Crushed Stone
- Foundation Type:
- Concrete, Stone
- Heat Fuel Type:
- Natural Gas, Electric
- Exterior Features:
- Porch, Gutters, Lighting
- Exterior Siding:
- Vinyl Siding
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 15
- Hot Water Description:
- Electric, Natural Gas, 40 Gallon Tank
- Lot Description:
- Level Lot, Rolling
- Water Source:
- Private Well
- Street:
- Sheas
- Street Number:
- 29
- Floor Number:
- 0
- Longitude:
- W73° 56′ 26.2”
- Latitude:
- N41° 34′ 2.5”
- Office Name:
- Garden Realty
- Agent Name:
- Gregory Hanner
- List Agent MLSID:
- EHANNERG
- List Office MLSID:
- GARDEN00
- Tax Year:
- July 2025-June 2026
- Directions:
- GPS Friendly
- Elementary School:
- Wequonnoc
- High School:
- Norwich Free Academy
- HOA Fee Amount:
- $0
- Parcel Number:
- 2416889
- Property Tax:
- $8,173
- Virtual Tour:
- Click Here
- Zoning:
- R20/R4
Multi-family For Sale
29 Sheas, Norwich, 06380
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24128739
- Price :
- $450,000
- Bedrooms :
- 6
- Baths Total :
- 3
- Bathrooms :
- 3
- Half Bathrooms :
- 0
- Square Footage :
- 3,327 Sqft
- Year Built :
- 1930
- Lot Area :
- 1.19 Acre
- City:
- Norwich
- Zipcode:
- 06380
- Property Sub Type :
- 3 Family
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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