208 Franklin Street $149,000

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    208 Franklin Street Norwich, CT 06360

    • 2,124 sq. ft.
    • 0.05 Acres
    • Commercial
    • MLS# 170501735
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    Views: 7 Days On Site: 54

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    Property Details

    Description Tours

    Investors take notice!!! A great multi-family and commercial opportunity. Long-term tenants currently occupy two one-bedroom apartments on the second floor. Two vacant storefronts on the first floor. Bringing in $15,600 in annual revenue with just the upstairs apartments. Some updates include two brand new water heaters for each apartment, Roof is 5yrs old. The front of the property got freshly painted. Good location for any business with great visibility and on a major three-way intersection. Franklin is known for having yearly parades. Shared parking/driveway behind the building, along with street parking. The property has video surveillance & fire alarm system which conveys with the sale. Motivated seller, make an offer.

    • General Features
      • Zoning CC
      • Year Built 1900
      • Neighborhood N/A
      • Sq Ft Total 2,124
      • Acres 0.05
      • Bank Owned Property Y/N 0
      • Property Tax $5,119
      • County Or Parish New London
    • Building Features
      • Construction Description Brick,Metal
      • Cooling System None
      • Heat Fuel Type Natural Gas
      • Heat Type Radiator
    • Property Features
      • Water Source Public Water Connected
      • Utilities Available Electric,Gas,Cable Available
      • Parking Total Spaces 0
      • Sewage System Public Sewer Connected
      • Road Frontage Description Paved Road
      • Garage Parking Info None

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    Neighborhood

    06360 (Norwich) Demographics

    38 Median Age
    1,294 Population Density (per sq. mile)
    30% College Educated
    $58,409 Estimated Median Income
    8,258 Estimated Total Home Owners
    6,921 Estimated Total Renters
    54% / 46% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    36,549 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $206,000 Median Sales Price
    47 Homes Sold
    57 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $149,000
        8/3/2022 5:34:14 PM Price Reduced Source: Multiple Listing Service New Value: $149,000 -9.7%
        6/20/2022 2:35:00 PM New in Database Source: Multiple Listing Service New Value: $165,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.