Plainfield CT Multi Family for Sale
$1,910,000
651 Norwich Road Plainfield, CT 06374
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 2.5 Acres
- Year built:
- 1927
- Baths:
- 1.00
- MLS#:
- 24064446
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Attention developers and investors! Rare opportunity to acquire a former school building and convert it into a multifamily complex or condominiums. 18,600sf plus just under 9,000sf of finished basement space with abundant natural light. Average classrooms range from 600-800 sq. ft. Otis elevator, extensive ADA-compliant bathrooms, and ramps. Equipped with a natural gas boiler, central heat, hot water baseboard, newer windows and central air conditioning. Approx. 100 parking spaces 2.5-acre level lot with room to add garages for additional storage Sprinkler system, fire alarm and burglar alarm systems in place. 20 minutes from Foxwoods and Mohegan Sun, two of the largest entertainment destinations in the region. Only 2 minutes from I-395 This property is poised for significant appreciation with its high potential for redevelopment. Whether you're looking to create modern apartments, luxury condominiums, or a combination of both, the possibilities are endless. The current infrastructure and accessibility features are already in place, reducing the need for extensive upgrades. This is a once-in-a-lifetime opportunity to invest in a property with incredible upside potential. Interested buyers are encouraged to conduct their own diligence to verify all details and ensure this investment aligns with their vision.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.5 Acres
- Year built:
- 1920
- Baths:
- 3.00
- MLS#:
- 24064016
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This three-family home is nestled on a private corner lot, offering both privacy and convenience. Situated on a .5 acre lot, the property features a large, serene yard perfect for outdoor activities. The building includes two expansive 3-bedroom units with double parlors, providing ample space, ideal for both families and tenants. The third-floor unit offers a 2-bedroom layout, making this an attractive option for renters or an extended family. Additional features of the property include a detached 2-bay garage, providing valuable off-street parking/extra storage, as well as additional parking spaces in the large driveway. Recent upgrades include newer electrical and plumbing, ensuring peace of mind for the next homeowner. A new oil tank further enhances the property's reliability and efficiency. This is a wonderful opportunity for investors or owner-occupants looking for a well-kept property in a desirable location. Don't miss your chance to own this fantastic multi-family home with great potential for income or family living. Photos were taken after remodel and prior to tenants moving in. Cash/conventional/203k
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Plainfield Real Estate
The median home value in Plainfield, CT is $322,500. This is higher than the county median home value of $296,200. The national median home value is $338,100. The average price of homes sold in Plainfield, CT is $322,500. Approximately 71.57% of Plainfield homes are owned, compared to 25.15% rented, while 3.28% are vacant. Plainfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Plainfield real estate agent to arrange a tour today!
Plainfield, Connecticut has a population of 14,991. Plainfield is less family-centric than the surrounding county with 24.73% of the households containing married families with children. The county average for households married with children is 25.48%.
The median household income in Plainfield, Connecticut is $68,915. The median household income for the surrounding county is $71,418 compared to the national median of $69,021. The median age of people living in Plainfield is 41.5 years.
Plainfield Weather
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 14.9 degrees. The average rainfall is approximately 49.7 inches per year, with 34.1 inches of snow per year.