229 Boswell Ave Norwich, CT 06360

This exceptional investment opportunity presents a substantial multi-family property located at 229 Boswell Avenue, Norwich, CT. The property encompasses two buildings, each measuring 8,535 square feet, situated on a generous 3.67-acre lot. Currently, the complex houses ten apartments, each featuring three bedrooms and two and a half bathrooms, offering significant rental income potential. One unit is currently undergoing a complete renovation and will be ready for occupancy on February 1, 2024. The property's strategic location offers convenient access to Backus Hospital, the vibrant downtown Norwich area, and Interstate 395, ensuring high tenant demand. Tenants are responsible for electricity, while sewer and water are covered by the owner. The expansive 3.67-acre lot presents significant potential for future expansion, with the possibility of adding up to 21 additional units, substantially increasing the property's value and rental income stream. The total square footage of the buildings is 17,790 square feet. This property is offered at $2,500,000 and represents a compelling investment opportunity in a thriving Connecticut market. The existing infrastructure and prime location make this an ideal acquisition for investors seeking strong returns and future growth potential.