Call Listing Agent, CT 06360,50 Palmer ST
$5,425,000
$5,700,000
4.8%
Est.Price: ?

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50 Palmer ST Call Listing Agent, CT 06360

Est. payment /mo
SOLD DATE : 04/29/2022

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Key Details

Sold Price $5,425,000

Property Type Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID KEYH6164189

Sold Date 04/29/22

Originating Board onekey2

Rental Info No

Year Built 1968

Annual Tax Amount $83,417

Property Description

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.

Location

State CT

County Out Of Area

Interior

Heating Electric, ENERGY STAR Qualified Equipment

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Electric Water Heater

Exterior

Parking Features Driveway, Other, Parking Lot

Utilities Available Electricity Available

Building

Water Public

Others

Special Listing Condition None

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Listed by Compass Greater NY, LLC
Bought with Compass Greater NY, LLC

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agent

Alex Galvez

Broker | LIC#10491210468

+1(646) 326-3146

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