122 Yantic Road

Norwich CT 06389

3204 sq. ft.

0.36 ac.

Duplex

Last sold for $340,000

Gregory Hanner, last sold this property on 14 December 2021 after 141 days on market.

Overview

Great opportunity for Owner-Occupied OR Investor as this 4-Family property producing a solid $42,000 in Gross annual rental income that has headroom since they are below-market rates. All tenants are current on their rent and are now on month-to-month leases. That's great if you want to occupy one of the apartments yourself, however, the tenants all would like to stay if you are an investor. There's plenty of parking and maintenance is easy given all units are electric heat (no aging boilers to deal with!) and tenants pay for their own Heat/HW. There's an on-site coin-operated laundry room for all of the tenants to use. The roof is at its mid-life point being just 12 years old and the hot water heaters are an average of 5+ years old.

Features

6 bedrooms

4 bathrooms

3204 sq. ft. floor area

0.36 ac. lot size

Duplex

Estimated Value

We need at least 3 similar 6 bedroom duplexes sold in Norwich over the last 12 months.

Property history for 122 Yantic Road

2021

Sold

$340,000

14 Dec 2021 by Gregory Hanner, of Garden Realty

2009

Sold

$246,000

01 Oct 2009 by Sherry Borgeson, of Prudential Connecticut Realty

Happy sellers in Norwich

We have insufficient information to provide an overview of customer satisfaction for Norwich. Viewing the agent profiles, reviews and sales for Norwich can provide insights for this location.