+9 more
$1,399,900
407 Main
9
Bedrooms
5
Bathrooms
5,000 sqft
Living Area
38,840 sqft
Lot
9
Parking
About This Property
This 9-bedroom, 5-bathroom multi-family in Norwich offers 5,000 sqft of living area on a 38,840 sqft lot. 2 storeys. The property has lot dimensions of 126.8 x 194 FT, cross street Main St, West St, zoned V. The home features forced air, natural gas heating, central air conditioning, a unfinished, full basement, a fireplace.
MLS Remarks
A charming and original piece of Springford with strong investment appeal.This 5-unit multi-residential property is situated on a large lot backing onto the creek, offering a rare combination of stable rental income, tenant desirability, and long-term value.All units have been well maintained, with Units 4 and 5 recently updated, featuring improved kitchens, bathrooms, flooring, and additional upgrades. The building is serviced by five independent gas forced-air furnaces, providing unit-by-unit efficiency and helping keep operating costs predictable. Most wiring and plumbing have been updated, adding peace of mind for long-term ownership.The property is protected by a Duraloc steel roof (approximately 20 years old), contributing to its low-maintenance profile. Outdoor space further enhances tenant appeal, with Units 2, 3, and 5 enjoying private decks or balconies overlooking the expansive rear yard, while Units 1 and 4 benefit from a generous front porch.Set on a deep lot with creek views, this property offers excellent tenant demand today, with potential long-term upside tied to land value and future enhancement in a growing rural community. A compelling opportunity for investors seeking a solid buy-and-hold asset with durability, income stability, and room to grow.Rent roll and financial information available upon request to qualified buyers. (id:60351)
Inclusions
Fridge, Stove
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