29 Sheas Ln Taftville, CT 06380
Taftville NeighborhoodEstimated payment $3,049/month
Total Views
129,224
6
Beds
3
Baths
3,327
Sq Ft
$135
Price per Sq Ft
Highlights
- 1.19 Acre Lot
- Attic
- Porch
- Property is near public transit
- Thermal Windows
- Public Transportation
About This Home
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.
Listing Agent
Garden Realty Brokerage Phone: (860) 608-8659 License #REB.0788235 Listed on: 09/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,173
Year Built
- Built in 1930
Lot Details
- 1.19 Acre Lot
Home Design
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,327 Sq Ft Home
- Thermal Windows
- Concrete Flooring
- Storm Doors
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Attic
- Storage In Attic
- Walkup Attic
- Unfinished Attic
Basement
- Walk-Out Basement
- Partial Basement
- Interior Basement Entry
Parking
- 4 Car Garage
- Driveway
Outdoor Features
- Exterior Lighting
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near shops
- Property is near a bus stop
- Property is near a golf course
Schools
- Wequonnoc Elementary School
- Norwich Free Academy High School
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Private Company Owned Well
- Hot Water Circulator
- Electric Water Heater
Community Details
- 3 Units
- Public Transportation
- Gross Income $44,880
Listing and Financial Details
- Assessor Parcel Number 2416889
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,173 | $234,800 | $47,400 | $187,400 |
| 2024 | $7,807 | $234,800 | $47,400 | $187,400 |
| 2023 | $5,411 | $129,300 | $34,300 | $95,000 |
| 2022 | $5,454 | $129,300 | $34,300 | $95,000 |
| 2021 | $5,476 | $129,300 | $34,300 | $95,000 |
| 2020 | $5,480 | $129,300 | $34,300 | $95,000 |
| 2019 | $5,255 | $129,300 | $34,300 | $95,000 |
| 2018 | $4,863 | $117,300 | $33,900 | $83,400 |
| 2017 | $4,771 | $117,300 | $33,900 | $83,400 |
| 2016 | $4,511 | $108,200 | $33,900 | $74,300 |
| 2015 | $4,478 | $108,200 | $33,900 | $74,300 |
| 2014 | $4,224 | $108,200 | $33,900 | $74,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2025 09/25/25 | For Sale | $450,000 | -- | $135 / Sq Ft |
Source: SmartMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $304,500 | -- | |
| Warranty Deed | $304,500 | -- | |
| Warranty Deed | $199,900 | -- | |
| Warranty Deed | $199,900 | -- | |
| Warranty Deed | $103,235 | -- | |
| Warranty Deed | $103,235 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $211,000 | No Value Available |
Source: Public Records
About the Listing Agent
Greg is a trusted local agent whose outstanding service to his clients was certified by his winning the "Agent of the Year" award 4x for the state of CT in 2025, 2024, 2023, and 2022 & also the US New England Region 2x in 2025 & 2022 from RateMyAgent.com, and he also received the 2021 & 2018 "Realtor of the Year" from the Eastern CT Association of Realtors. He is a licensed Real Estate Broker, REALTOR, and e-PRO. He's the local CT agent who REALLY knows homes, having 34 yrs. of experience
Gregory's Other Listings
Source: SmartMLS
MLS Number: 24128739
APN: NORW-000046-000001-000057-000002
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