114 Cassie Dr - Apartments FOR SALE


Norwich, NY 13815
$900,000 USD
607-226-0663
114 Cassie Dr, Norwich, NY for Sale
$900,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

114 Cassie Dr
Norwich, NY 13815


OVERVIEW

Exceptional Four-plex on Over 3 Acres – Spacious, Modern, and Income-Producing! A rare find—this unique four-unit property sits on over 3 beautiful acres located in North Park Estates, one of Norwich's most desirable neighborhoods. This property offers privacy, space, and outstanding investment potential. Each of the four townhouse-style units boasts three full floors of living space, thoughtfully laid out for comfort and convenience. This property was designed and constructed for its intended use as a four-plex (this is not a converted property.) Each unit includes: 3 spacious bedrooms; 2.5 bathrooms (including an en-suite primary bed/bath); private attached garage (with plenty of additional paved parking spaces); in-unit laundry; private front and back balconies for outdoor enjoyment. The units feature open living areas, generous storage, and modern layouts ideal for both owner-occupants and tenants. Surrounded by nature with plenty of room to roam, this property offers a peaceful, residential setting just a short drive from town amenities. The property has a newer roof (2018) with a 10 year workmanship warranty. The large parcel of land has potential for expansion and there is opportunity for rent appreciation. The property has separate utilities (electric, furnace and hot water heater) for each unit, making management simple and efficient. As a 4-unit property, this may be eligible for conventional residential property pricing and terms. Whether you're looking to expand your real estate portfolio or live in one unit while renting the others, this turnkey property is a smart and rare opportunity.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

23

LAND DETAILS

LAND ACRES

3.11 AC

LAND SF

135,353 SF

ZONING

-

APN/PARCEL ID

084000-110-140-0002-014-400-0000

ASK ABOUT THIS PROPERTY

Deborah SuttonHoward Hanna Real Estate ServicesMore Info
607-226-0663

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Deborah SuttonHoward Hanna Real Estate ServicesMore Info
607-226-0663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.