NOT LISTED FOR SALE
10 Beds
4 Baths
4,200 Sq Ft
0.68 Acres

Last Sold May 14, 2021

Last sale price $345,000 $82 Per Sq Ft

10 Days on Market

Highlights

  • 0.68 Acre Lot
  • Partially Wooded Lot
  • No HOA
  • Property is near public transit
  • Attic
  • Porch

About This Home

As of May 2021

$54,140 gross annual rental income! This is two separate 2-family buildings on the same deed. #7 Sylvester, built in 2009, has 2 identical approx 1200 sqft 3BR 1 bath units, with hardwood floors, tiled kitchen and bath; large and bright living spaces, carpeted BRs, ceiling fans, front porch, full basement with coin-op laundry (income approx $350/mo) and secure storage areas for each unit, efficient natural gas boilers. #9 Sylvester is an older Cape style home, totally gutted and renovated in 2008 with an 1100 sqft 3-4 BR 1 bath 2 story unit (house) with new vinyl plank flooring; carpeted BRs, large new bath and brand new Navien gas/on demand hot water system. There is a 1 BR 1 bath unit around the back of the house with hardwood floors, new bathroom & kitchen, electric heat; new roof 2020. This property is set off the road in a quiet setting. It backs up to a wooded area so is fairly private, yet conveniently located near restaurants, shopping, medical, highways, and near public transportation. There is a yard and paved parking for 8+ cars. Tenants pay their own heat and electric; owner pays water/sewer. Tenants are long term and units are easy to rent. Property is fully occupied - all tenants on month to month leases. Nothing to do here but collect the rents! Owner is licensed CT real estate agent. Money making 3-family plus large garage next door is also listed MLS #170380253

Last Agent to Sell the Property

Diana Bedard

Prime Realty Partners License #REB.0758340 Listed on: 03/11/2021

Last Buyer's Agent

Rick Nassiff

KW Legacy Partners License #RES.0788579

KW Legacy Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,277

Year Built

  • Built in 2009

Lot Details

  • 0.68 Acre Lot
  • Partially Wooded Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 4,200 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Schools

  • Norwich Free Academy High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Public Transportation
  • Coin Laundry

Building Details

  • Gross Income $54,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,277

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 4200
  • Total Sq Ft: 4200
  • Year Built: 2009
  • Nearby Amenities: Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Route 12 to Lois Street; 2nd right onto Sylvester
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Laundry Room Location: Bldg #9 coin-op in basement
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Attic: Yes
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Driveway

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Norwich Free Academy

Lot Info

  • Acres: 0.6800
  • Lot Description: Lightly Wooded
  • Zoning: MF

Multi Family

  • Gross Annual Income: 54140
  • Net Operating Income: 38568
  • Unit Count: 4
  • Total Multi Family: 22
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 6277
  • Total Assessed Value: 129500
  • Mil Rate Base: 42.380
  • Mil Rate Tax District: 6.090
  • Mil Rate Total: 48.470
  • Assessor Parcel Number: 2414682

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Norwich Free Academy

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $345,000 -1.1% $82 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $349,000 -- $83 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170379506

SmartMLS