Norwich Sees Boom in Multi-Family Home Sales

Norwich has seen a boom of multi-family home sales in the last 18 months. There have been 121 sales in the last 18 months alone- that means one sold every 4.5 days! But why the sudden demand for this type of property? The most frequently cited benefit is that multi Family homes can provide income when the homes additional units are rented even when buyers are living in one of the units. The added potential income of a rental unit can often be used as income when qualifying for a mortgage. Many owners of multi-family homes note lower maintenance costs (vs. owning a separate rental entity)- one roof, one lawn, one sewer, etc.

Are you interested buying or selling your multi-family home? Call or text 860.961.8627 for a one on one consultation.

229 Route 2 Preston

2/3 Bedroom Ranch in Preston

2/3 Bedroom Ranch in Preston

Well maintained ranch with 2 car garage on large .84 acre lot. Enjoy one floor living with 2/3 bedrooms, with many upgrades! Finished and insulated addition has wood stove, ceiling fans, and sliding glass doors- can be used as a large third master bedroom or bonus room. Large eat-in kitchen and living room. Spacious, open backyard with shed. Field stone patio. 2 car oversized garage with automatic doors, walk out to backyard. Mudroom and laundry/utility room with newer mechanicals. Oil heat, plus wood stove in bonus room. Ceiling fans throughout. Recent updates include electrical panel, furnace, roof, garage doors, vinyl siding, and some windows. For more information and photos, visit 229 Route 2.

Contact: Molly Bruno | 860-961-8627 | mollybrunorealestate@gmail.com