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50 Palmer StreetNorwich, Connecticut CT06360

Listing ID170442843

43,142 SqFt 7.330 Acres

$5,700,000

Welcome to this amazing opportunity to purchase a 50 Unit complex in the Norwich CT. Nestled on 7.33 Acres not including an additional buildable lot of 3.5 acres totaling 10+ acres of prestigious land. The 3.5 acres are completely subdivided with the opportunity to build between 11-15 condos. This complex is located in between two of the biggest Casinos in the US and a city that is growing rapidly with amusement parks, new construction, business and more. This complex has always been fully occupied and self sufficient. Tenants are paying their own heat, ac, and electricity. Each unit comes with two parking spaces, separate electrical meter and the possibility to convert to gas and also to convert to separate water meters. The entire infrastructure for water and gas was put into place here as well as a brand new water line that was recently redone. Meticulously maintained property with a new roof, upgraded apartments, cameras, repaved driveway and many more. Upon being purchased this complex was remodeled fully as a requirement by the town. Prior use was a home health care facility. This property is the definition of pride of ownership. 33- 1 BR apt, 9 -2 BR apt and 4-3 BR apt. Schedule your private tour today.
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