2 Peggy Lane
Norwich, Connecticut

Description:

Looking for an investment property with options? 2 Peggy Lane is a three-family property offering flexibility for both owner-occupants and investors. Live in one unit while the others help offset your mortgage, or add to your rental portfolio. Two units are currently vacant, offering flexibility for your plans. One has been fully remodeled, while the other is ready for your personal touches or updates. Significant capital improvements include a new roof in 2024, conversion from oil to natural gas with a new gas boiler and water heater, and an electrical service upgrade to 400 amps with separate meters for each unit. Additional improvements include exterior siding repairs and repainting, new gutters with guards, sewer line maintenance, and window replacements. In 2026, Unit 1 underwent a full renovation featuring a new kitchen and appliances, updated flooring, and fresh paint. The convenient location puts you near a local park, Backus Hospital, area casinos, and Norwich Free Academy. Outside, you'll find ample off-street parking and an extra-deep garage with a loft, providing additional storage, additional income opportunity, or space for hobbies. With a versatile layout and plenty of potential, this Norwich multifamily is worth a closer look!

Listing Courtesy of Compass Connecticut, LLC