About 40 Maple Grove Avenue
11 CAP with 20% ROI. Charming three-family property situated along the scenic Heritage Trail with peaceful views of the Yantic River in Norwich. This unique multifamily asset blends classic New England character with strong owner-occupant or investment potential. Featuring beautiful stone and shingle architecture, the property is surrounded by mature landscaping, a large park-like yard, and a tranquil setting just moments from downtown amenities, parks, and walking trails. The property includes spacious units with abundant natural light, updated mechanicals, a newer roof, on-site laundry, a detached two-car garage, and ample off-street parking. Market rents are supported with many comps at $2,000, $1,600, and $1,500 per month. Additionally, the property features an in-law suite with a separate entrance, creating the potential for a fourth unit. Ideal opportunity for investors or owner-occupants seeking charm, flexibility, and long-term upside in a highly desirable location.
