Local Listings | Available Today




Property Description
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.
Features
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
Address Map
Street:
Sheas
Street Number:
29
Floor Number:
0
Longitude:
W73° 56′ 26.2”
Latitude:
N41° 34′ 2.5”
MLS Addon
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

6 Bedrooms
3 Bathrooms
3,327 Sqft
$450,000
Listing ID #24128739
Basic Details
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
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent

A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…