37 Otis Street

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!!!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:$$309,000
Address:37 Otis Street
City:Norwich
State:Connecticut
Zip Code:06360
MLS:170558243
Year Built:1880
Square Feet:3,900
Acres:0.220
Lot Square Feet:0.220 acres
Bedrooms:8
Bathrooms:3
acresSource:Public Records
assessedValue:126300
atticYN:no
basementDescription:Full With Walk-Out, Unfinished, Dirt Floor
compOnlyManualYN:no
coolingSystem:Window Unit
currentPrice:329000
directWaterfrontYN:no
directions:GPS Friendly
drivewayType:Private, Paved
elementarySchool:Per Board of Ed
encumbrancesRestrictions:Regulated Historic District
exteriorFeatures:Balcony, Deck, Porch-Wrap Around
exteriorSiding:Clapboard, Wood
financingUsed:Other
floodZoneYN:no
foundationType:Stone
fuelTankLocation:In Basement
garageParking:Detached Garage, Barn, Paved
garagesNumber:3
heatFuelType:Electric, Natural Gas, Oil
heatType:Baseboard, Radiator
highSchool:Per Board of Ed
homeWarrantyOfferedYN:no
hotWaterDescription:Electric
laundryRoomInfo:Hook-Up In Unit 1
lotDescription:Historic District, Level Lot
milRateTotal:48.48
nearbyAmenities:Commuter Bus, Health Club, Lake, Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
neighborhood:N/A
newConstructionType:No/Resale
possessionAvailability:Yes
potentialShortSale:No
preferredPhone:(808) 308-2362
price:329000
propertySubType:3 Family
propertyTax:6123
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)
roofInformation:Asphalt Shingle
sewageSystem:Public Sewer Connected
sqFtEstHeatedAboveGrade:3900
sqFtTotal:3900
supplementCountPublic:7
swimmingPoolYN:no
totalNumberOfUnits:3
totalRoomsMultiFamily:20
underAgreementYN:no
unitCount:3
waterSource:Public Water Connected
waterfrontDescription:Not Applicable
webDistributionAuthorizations:IDX Sites, Realtor.com, Homesnap
yearBuiltSource:Public Records
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