229 Boswell Ave - Apartments FOR SALE


Norwich, CT 06360
$2,500,000 USD
860-439-0663
229 Boswell Ave, Norwich, CT for Sale
$2,500,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

229 Boswell Ave
Norwich, CT 06360


HIGHLIGHTS

  • Potential to add additional units.

OVERVIEW

Hickory Court consists of two 8,535 SF buildings each with 5 apartments and one home situated on 3.67 acres in close proximity to downtown. Acreage to add up to 21 more units. There is currently 1 unit available. Apartment being fully renovated. Ready to rent February 1, 2024. All units have 3 bedrooms and 2 1/2 baths. Tenants pay electricity, owner pays sewer & water. Close to Backus Hospital, downtown Norwich and I-395.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hickory Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

MF

APN/PARCEL ID

NORW-000094-000001-000022

ASK ABOUT THIS PROPERTY

Connie HowardUS PropertiesMore Info
860-439-0663

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Connie HowardUS PropertiesMore Info
860-439-0663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.