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23 Thermos Ave
Norwich, CT 06360 Northeast New London/Norwich

$1,990,000 USD

Apartments For Sale  •  65,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 65,000 SF
  • Lot Size 4.2 AC
  • Building Class B
  • Year Built 2023
  • Zoning MF
23 Transit Score
24 Walk Score

Highlights

Current potential NOI $150K annually for 8 existing Rental Units
Projected NOI estimated upon completion of the 57-unit multi-family community over $1.2M annually
8-year graduated tax abatement with an estimated NPV of $750K
Full approvals from the City of Norwich attained 1/17/2023

Property Flyers

Amenities

  • Air Conditioning
  • Business Center
  • Cable Ready
  • Controlled Access
  • Clubhouse
  • Dishwasher
  • Disposal
  • Fitness Center
  • Microwave
  • Picnic Area
  • Pool
  • Storage Space
  • Washer/Dryer
  • Heating
  • Grill
  • Recycling
  • Trash Pickup - Curbside
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Carpet
  • Wi-Fi
  • Bicycle Storage
  • Conference Rooms
  • Elevator
  • Sundeck
  • Deck
  • Dining Room
  • Double Pane Windows
  • Office
  • Vinyl Flooring
  • Wheelchair Accessible (Rooms)
  • Window Coverings

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 112
Type: Covered
Included in Rent: Yes
Michael Franklin 860-460-8144 Riverheights Development Inc
Michael Franklin 860-460-8144 Riverheights Development Inc