$3,669
closing credit¹
327 Central Ave Norwich, CT 06360
Property details
About 327 Central Ave
Attention Investors or Owner-Occupants! Multi-Family Home with Commercial Space in Norwich -This mixed-use property has a unique opportunity with 3 units -2 residential and 1 commercial. The residential units are already generating income, while the commercial space provides endless possibilities for your business or additional residential conversion. Commercial space located on the first floor, previously used as a restaurant but ready for your personal touches. It can be easily converted to suit various businesses such as a mini grocery store, beauty/barber shop, nail salon, office, or more. Separate utilities for each unit. Recent owner upgrades include: New siding, gutters, and windows. The roof is approximately 5 years old. The two-bedroom unit is fully remodeled, and the four-bedroom unit has a renovated kitchen and bathroom. The commercial space and studio unit are in need of renovation, but it has huge potential for value growth. Centrally located, just 10 minutes from Mohegan Sun Casino and 13 minutes from Foxwoods Resort Casino two of Connecticut's top entertainment destinations! The prime location makes this an attractive option for both tenants and businesses, with a strong demand for rentals and commercial ventures. This property has great cash flow potential with tenants already in place, and the commercial space gives you the flexibility to bring your vision to life. Whether you're an investor or looking for an owner-occupied opportunity.
Highlights
Summary
- MLS Number: 24061367
- Office Name: Kempf-Vanderburgh Realty
- Office Phone: (413) 297-5200
- Office Email: rivera.dennisse@gmail.com
- Listing Agent: Dennisse Rivera-Mercado
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Last updated on: 2/1/2025, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$309,000
327 Central Ave
$3,669
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 31, 2023 | Home Sold | $100,000 |
| Jul 03, 2002 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $74,200 | $2,834 |
| 2023 | $68,400 | $3,327 |
| 2022 | $68,400 | $3,316 |
| 2021 | $68,400 | $3,327 |
| 2020 | $68,400 | $3,315 |
| 2019 | $68,400 | $3,283 |
History based on county public records data.
Nearby schools
3
Wequonnoc Magnet School
Public Magnet KG-5
2.2 mi
•155 Providence St
4
Veterans' Memorial School
Public District KG-5
2.5 mi
•80 Crouch Ave
3
Moriarty Magnet School
Public Magnet KG-5
2.5 mi
•20 Lawler Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,769. Most Norwich, CT residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
NBA/WNBA
Figure Skating
Where do the neighbors shop?
Burlington
Express/Express For Men
Family Dollar
Where do the neighbors go to eat?
Popeyes
Starbucks
Church's Chicken
What do the neighbors drive?
Dodge
Pontiac
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
Frequently asked questions
About 327 Central Ave
This home is located at 327 Central Ave in Norwich, CT and zip code 06360. This 3,096 square foot home, which was built in 1850, sits on a 0.12 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $309,000.
In December 2024 more than 23 listings in Norwich, CT were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 16 were sold below. The number of homes for sale in Norwich, CT decreased by 20.4% between November and December 2024.