70 Prospect Street, Norwich, CT 06360 (MLS # 24150130)

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PRICE $410,000 BEDS 6 BATHS 3 HOME SIZE 3,353 sqft LOT SIZE 10,890 sqft

3-Family Property with Garage & Expansion Potential Excellent opportunity to own a 3-family multifamily property offering a versatile unit mix and strong upside potential. The building includes one 3-bedroom, 1-bath unit, one 2-bedroom, 1-bath unit, and one studio apartment, making it well-suited for both owner-occupants and investors. A standout feature of the property is the large two-level garage located at the rear, providing abundant storage and presenting a potential opportunity for additional income or future build-out, subject to proper due diligence and municipal approvals. The studio unit has been recently remodeled with new flooring, fresh paint, a new refrigerator, updated vanity, and modern fixtures, offering a clean and move-in-ready living space. Heating systems include two oil-fired boilers, with one servicing Unit 1 and one servicing Unit 2, both providing heat and hot water. The studio unit is heated by a natural gas furnace located within the unit and features an electric hot water heater. There is additional upside potential, as heating can be fully separated by adding an oil tank and supply line, allowing for improved utility allocation and operating efficiency. With its flexible layout, garage expansion potential, and recent updates, this property presents a solid investment with room to add value and increase long-term returns.