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PUBLIC VIEWING Saturday 5/30 2-4p*** A versatile opportunity that works whether you're looking to live for free or simply add a cash-flowing asset to your portfolio. This 3-family residence in Norwich delivers three units, 6 bedrooms, and 3 bathrooms across 2, 318 SF of living area - the kind of bread-and-butter multi-family that performs in any market cycle. For the owner-occupant, the math is compelling: occupy one unit while your tenants cover the mortgage. For the pure investor, step into a stabilized three-unit asset with a clean title - no liens, no foreclosure history - and a straightforward path to market rents. What separates this from the typical Norwich triple-decker is the rare amenity package: a 3-car garage (720 SF) offering additional storage or potential rental income, and an in-ground pool that gives tenants a reason to stay. On a generous 0. 21-acre lot in FEMA Zone X (minimal flood risk), with natural gas forced hot water heat and vinyl siding, the bones are solid and the operating costs predictable. Whether you're house-hacking your way to financial freedom or building long-term passive income, 9-11 North A Street deserves a closer look.
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$475,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $380,000 | $380,000 | $380,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $557 | $557 | $557 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,278 | $2,371 | $3,156 |
| Total Monthly Payment | $2,910 | $3,003 | $3,788 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.