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$ 242,500
Est. payment /mo
New
40 River Avenue Norwich, CT 06360
3 Beds
3 Baths
2,435 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,435 sqft
Price per Sqft $99
MLS Listing ID 24196250
Style Victorian
Bedrooms 3
Full Baths 1
Half Baths 2
Year Built 1860
Annual Tax Amount $7,923
Lot Size 9,147 Sqft
Property Description
Rare investment opportunity! This Victorian-style property is being sold together with an adjacent vacant residential lot offering beautiful views of the Thames River. The home features two kitchens, oil heat, an updated electrical panel, and a detached two-car garage, providing an excellent foundation for a renovation project. Major improvements have already begun, including roughed-in electrical and a first floor bathroom with new studs and drywall. The second-floor bathroom has been gutted to the studs and is ready for your finishing touches. The property requires a new furnace, cosmetic updates throughout, and completion of the kitchens and bathrooms, making it an ideal project for investors, builders, or owner occupants looking to build equity. Included in the sale is 41 River Ave, a separate 5,227 SF (.12-acre) residential lot with scenic Thames River views. The previous owner envisioned a waterfront-view porch and patio overlooking the river. While the lot will require significant landscaping due to its slope, it offers outstanding potential to create a one-of-a-kind outdoor retreat or future homesite. Don't miss this unique chance to own a renovation project plus an additional buildable lot with water views in one package! Sale dependent upon the contract owner's ability to take title.
Location
State CT
County New London
Zoning MF
Rooms
Basement Partial
Interior
Heating Other
Cooling None
Exterior
Parking Features Detached Garage, Other
Garage Spaces 2.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Water View
Foundation None
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Veterans Memorial
High Schools Norwich Free Academy
Listed by Derek Greene • Derek Greene