BEDS2
BATHS3 full
SQUARE FEET1,882
MLS#S1663294
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNorwich
Property Description
CASH INVESTORS - VALUE-ADD 3-UNIT OPPORTUNITY PRICED TO MOVE. 29 Mitchell Street is a true repositioning play in the City of Norwich. Offered at just $69,900, this 1,882 sq ft triplex (studio + two 1BR units) sits on a .23-acre lot and presents significant upside for investors looking to renovate, stabilize, and drive cash flow. Major mechanical already in place with newer boiler (approx. 1 year old). Public water/sewer. Updated porches (new railings and steps). Attached rear shed for additional storage. Property currently vacant with heat and water shut off - clean slate for full value-add execution. Strong rental demand in the area. Post-renovation projected rents estimated at approximately: Studio: $700-$800/month 1BR Units: $850-$950/month each Projected gross monthly income: $2,400+ Projected annual gross: $28,000+ At stabilization, this asset has the potential to generate strong cash-on-cash returns at this entry price point. Sold AS-IS. Cash or rehab financing only. Escrow deposit due within 24-48 hours of accepted offer. Bring your contractor, run your numbers, and move quickly - opportunities at this price don't last.
Property Features
Property Type: Multi Unit - Multiple
Basement: Dirt Floor, Full
Heating: Gas, Hot Water
Home Style: Triplex
Lot Size: 0.23 Acres
Roof Type: Asphalt, Shingle
Stories: 1.0
Taxes: $2,834
Year Built: 1900
Amenities
Fence
Feature Descriptions
Appliances: Electric Water Heater
Days on Site: 36
Exterior: Aluminum Siding
Fencing: Partial
Flooring: Hardwood, Varies, Vinyl
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 51X198
Parcel#: 081100-136-410-0001-018-000-0000
Parking: Two or More Spaces
Parking Notes: Two or More Spaces
Patio/Porch: Covered, Porch
Sewer: Connected
Units: 3
Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Norwich
Listed By / Shown By
Listing By
Agency Name: Assist2Sell Buyers & Sellers 1st Choice
Agency Phone: 315-735-9244
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 412.12 per month $155.57 Principal & Interest $236.17 Property Tax $20.39 Homeowner's InsuranceChange Payment Information
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29 Mitchell Street | MLS# S1663294
This multi-family property located at 29 Mitchell Street, Norwich, NY 13815 is currently listed for sale with an asking price of $69,900. Mitchell Street is located within the Norwich school district. Search Norwich real estate on www.coldwellbankerchoice.com today.