37 Otis Street
!!!Attention Investors!!! Long-term tenants are in place for immediate income generation!
1st floor unit’s rent will increase from $1,100 to $1,600 effective August 1st, 2023. (confirmed)
Recent updates include:
– Freshly painted WHOLE EXTERIOR + Shared Foyer and Stairwell, 2nd level WHOLE INTERIOR, 3rd level WHOLE
BATHROOM RENO.
– Sewer Main Replacement.
– BRAND NEW Boiler replacement + Re-sanding and Re-finishing hardwood floors on 2nd level unit.
– All 3 chimney liners replacement, doors are up to fire code.
This 3-family Historical Victorian home features a wrap-around porch, balcony, separate entrances, separate utilities,
hardwood floors, large rooms, high ceilings, 3+ car garage/barn, ample street parking and more!
The 1st and 2nd Floor Units both have 3 spacious bedrooms with a 4th that can be used as an office or rec room, full baths,
living rooms, dining rooms. (1st floor unit have washer in unit)
The 3rd Floor Unit have 2 large bedrooms, a newly updated bathroom and newer kitchen.
House is close to casinos, hospital, bus lines, highway access, shopping & more!
This will be an excellent investment property that commands TOP rental income!
Schedule your showing today! As-is, Where-is sale! 1st floor unit’s rent will increase from $1,100 to $1,600 effective August 1st, 2023. (confirmed)
| Price: | $329000 |
|---|---|
| Address: | 37 Otis Street |
| City: | Norwich |
| State: | Connecticut |
| Zip Code: | 06360 |
| MLS: | 170558243 |
| Year Built: | 1880 |
| Square Feet: | 3,900 |
| Acres: | 0.22 |
| Lot Square Feet: | 0.22 acres |
| Bedrooms: | 8 |
| Bathrooms: | 3 |
| price: | 329000 |
|---|---|
| atticYN: | no |
| heatType: | Baseboard, Radiator |
| sqFtTotal: | 3900 |
| unitCount: | 3 |
| directions: | GPS Friendly |
| highSchool: | Per Board of Ed |
| acresSource: | Public Records |
| floodZoneYN: | no |
| propertyTax: | 6123 |
| waterSource: | Public Water Connected |
| currentPrice: | 329000 |
| drivewayType: | Private, Paved |
| heatFuelType: | Electric, Natural Gas, Oil |
| milRateTotal: | 48.48 |
| neighborhood: | N/A |
| sewageSystem: | Public Sewer Connected |
| assessedValue: | 126300 |
| coolingSystem: | Window Unit |
| financingUsed: | Other |
| garageParking: | Detached Garage, Barn, Paved |
| garagesNumber: | 3 |
| exteriorSiding: | Clapboard, Wood |
| foundationType: | Stone |
| lotDescription: | Historic District, Level Lot |
| preferredPhone: | (808) 308-2362 |
| swimmingPoolYN: | no |
| laundryRoomInfo: | Hook-Up In Unit 1 |
| nearbyAmenities: | Commuter Bus, Health Club, Lake, Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines |
| propertySubType: | 3 Family |
| roofInformation: | Asphalt Shingle |
| yearBuiltSource: | Public Records |
| compOnlyManualYN: | no |
| elementarySchool: | Per Board of Ed |
| exteriorFeatures: | Balcony, Deck, Porch-Wrap Around |
| fuelTankLocation: | In Basement |
| underAgreementYN: | no |
| directWaterfrontYN: | no |
| potentialShortSale: | No |
| totalNumberOfUnits: | 3 |
| basementDescription: | Full With Walk-Out, Unfinished, Dirt Floor |
| hotWaterDescription: | Electric |
| newConstructionType: | No/Resale |
| homeWarrantyOfferedYN: | no |
| remarksPublicAddendum: | 1st floor unit's rent will increase from $1,000 to $1,600 effective August 1st, 2023. (confirmed) First floor tenant owns their own window ACs, washer and dryer. Breakdown of costs to sellers in recent updates: $1,600 for re-sanding and refinishing hardwood floors on the 2nd level unit. (completed Sep 2022) $2,750 for 2nd level unit interior painting + the front entrance foyer and stairwell. (completed October 2022) $6,000 for 3rd level bathroom (completed March 2023) $8,100 for 2nd level unit boiler replacement. (completed October 2022) $9,500 for sewer main line replacement. (completed Sep 2022) $13,200 for exterior painting, shrubs and bushes trimming. (completed Nov 2022) |
| supplementCountPublic: | 7 |
| totalRoomsMultiFamily: | 20 |
| waterfrontDescription: | Not Applicable |
| possessionAvailability: | Yes |
| sqFtEstHeatedAboveGrade: | 3900 |
| encumbrancesRestrictions: | Regulated Historic District |
| webDistributionAuthorizations: | IDX Sites, Realtor.com, Homesnap |
