364-366 Washington Street
Norwich, Connecticut

Description:

Rare chance to own a one-of-a-kind, spacious vintage large 2 family home with strong income potential. Featuring of spacious 6 bedrooms and 4 bathrooms, this property offers excellent cash flow for investors and is also ideal for owner-occupants looking to offset costs with rental incomes. Based on official records and historic registries, property is located within a Federally designated historic district in Norwich, CT. Washington St is a major thoroughfare here. Washington Street Historic District - An area documented for containing many of the late 19th-century structures that contribute to the area's historic fabric. The property is recorded as a contributing resource. This means it retains the historic character that makes the area historically significant. In line with the area, the property was built around 1860-predating the official historic district designation. As an owner, you can make renovations and updates, but any project visible from the street (exterior changes, additions, demolition, or major landscaping) will require review and approval from the local historic district department to ensure changes match the historic character. The good news is that being in a historic district often provides eligibility for state or federal tax credits, which can significantly offset the costs of qualified rehabilitation projects. For an investment property, leveraging these credits can enhance your financial returns. Arrange with Listing agent for private vi

Listing Courtesy of William Raveis Real Estate