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$60000 / 1470ft2 - Rare Duplex - Golden Opportinity (54 Fountain St., Norwich, CT)

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54 Fountain St.

(google map)

1470ft2 available sep 18

duplex
off-street parking

This Duplex (units on 1st and 2nd floors) is a rare find. A 'golden needle in a haystack' if you will. 1st floor unit rented for $900/mo. Tenant there for 14 years. Upstairs unit needs about 10 K in repairs (Note: interior pictures above are of 2nd floor and basement. Pictures of rented unit not shown). Cash flow from the start! Double cash flow when 2nd unit work completed and rented! This could be an Ideal investment property ! Get this while you can, this deal will be going fast!


- After Repair Value: $96,000
- Estimated Repair Costs: $10,000
- Estimated Repair Time: 1 month
- 1st floor rented for $900/mo.
- 2nd floor needs rehab (vacant)
- Total Fair Market Rent: $1,800/mo.
- 75 % LTV re-finance
- Estimated re-finance time: 2 months
- Estimated closing/holding costs: $1,500
- Equity after repairs: $24,000

- deck
- crawl space basement
- city water
- city sewer


For more info or to schedule a showing, contact Steve (AR Property Services, LLC), or visit:

https://www.radiantnewhorizonhomes.com/Norwich_04.html
  • do NOT contact me with unsolicited services or offers

post id: 6981768175

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