3 20

$37,845

NOI

1.34

DSCR

8%

Cap

35%

ROI

NOI
$37,845
DSCR
1.34
Cap
8%
ROI
35%
$450,000
Beautiful 3 Family Near Downtown

40 Maple Grove Ave, Norwich, CT

3 Family . $150,000/unit

$450,000

Anthony Velez

VC Property Group

REB.0795536

Est. $3,235 /mo

Get Pre-Approved
Description Income Loan Terms

$30,645

NOI

1.09

DSCR

7%

Cap

3%

ROI

% Proforma : % Proforma
88%
Parking
Off Street
Property Type Type
3 Family
Heating
Natural Gas
Buildings
1
Hot Water
Natural Gas
Parcel(s)
1
Sewer
Public
Year Built
1881
Water
Public
Occupancy Occ.
100%
Trash
City Pick-up
Sqft
2543 sqft
Utility Split
T/O Paid
Lot Size
11000 acres
Sprinklers
No
Highlights
  • Highly Desired Neighborhood
  • Off Street Parking and 2 Car Garage
  • Scenic, Water Views

Charming Three-Family Home Along the Scenic Heritage Trail Set along the picturesque Heritage Trail with tranquil views of the Yantic River, this distinctive three-family home captures the essence of timeless New England architecture. Blending stone and shingle craftsmanship with modern versatility, it offers both income potential and the opportunity for immediate owner occupancy. The property features a stately exterior framed by beautiful landscaping and a large, park-like yard, creating a peaceful retreat just moments from town. Mature trees and flowering plants surround the home, providing color and privacy throughout the seasons. A two-car detached garage and extended driveway offer convenience and ample parking. Each unit showcases spacious layouts and abundant natural light. The property offers updated mechanicals, a newer roof and on-site laundry room. Perfectly positioned along one of the area's most scenic routes, this property offers the rare combination of historic appeal, modern livability, and investment opportunity-all within walking distance to trails, parks, and downtown amenities. Call Today, this won't last long!!

Product Description

Charming Three-Family Home Along the Scenic Heritage Trail Set along the picturesque Heritage Trail with tranquil views of the Yantic River, this distinctive three-family home captures the essence of timeless New England architecture. Blending stone and shingle craftsmanship with modern versatility, it offers both income potential and the opportunity for immediate owner occupancy. The property features a stately exterior framed by beautiful landscaping and a large, park-like yard, creating a peaceful retreat just moments from town. Mature trees and flowering plants surround the home, providing color and privacy throughout the seasons. A two-car detached garage and extended driveway offer convenience and ample parking. Each unit showcases spacious layouts and abundant natural light. The property offers updated mechanicals, a newer roof and on-site laundry room. Perfectly positioned along one of the area's most scenic routes, this property offers the rare combination of historic appeal, modern livability, and investment opportunity-all within walking distance to trails, parks, and downtown amenities. Call Today, this won't last long!!
Property Snapshot
88% Proforma
Property Type
3 Family
Building(s)
1
Sqft
2543 sqft
Parcel(s)
1
Lot Size
11000 acres
Year Built
1881
Property Description

Charming Three-Family Home Along the Scenic Heritage Trail Set along the picturesque Heritage Trail with tranquil views of the Yantic River, this distinctive three-family home captures the essence of timeless New England architecture. Blending stone and shingle craftsmanship with modern versatility, it offers both income potential and the opportunity for immediate owner occupancy. The property features a stately exterior framed by beautiful landscaping and a large, park-like yard, creating a peaceful retreat just moments from town. Mature trees and flowering plants surround the home, providing color and privacy throughout the seasons. A two-car detached garage and extended driveway offer convenience and ample parking. Each unit showcases spacious layouts and abundant natural light. The property offers updated mechanicals, a newer roof and on-site laundry room. Perfectly positioned along one of the area's most scenic routes, this property offers the rare combination of historic appeal, modern livability, and investment opportunity-all within walking distance to trails, parks, and downtown amenities. Call Today, this won't last long!!

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
$600
Site Amenities
Parking
Off Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
2 Bed, 1 Bath
$1,650
1 Bed, 1 Bath
$1,450
1 Bed, 1 Bath
$1,250
Monthly
$4,350
$4,950
Annual
$52,200
$59,400
Operating Expenses
Annualized
Property Taxes
$7,655
Insurance
$3,000
HOA
$0
Electric
$600
Heating
$4,000
Water / Sewer
$1,800
Trash
$0
Vacancy
$1,500
Maintenance
$1,500
Management
$1,500
Others
$0
Total Expenses
$21,555
$21,555
Loan Terms
Scenario Builder
Sale Price
$450,000
Loan Term
30
Rate
6.8%
LTV
80%
P&I
$2,347
$2,347
Request loan quote from VC Property Group.
Anthony Velez
Anthony Velez
VC Property Group

Anthony Velez


VC Property Group

REB.0795536