Welcome to this fantastic investment opportunity! Investors and owner-occupants alike, take notice of this 2-family home boasting a strong rental history.The left unit features 3-4 bedrooms and 2 full bathrooms, offering spacious accommodations.The right side unit, comprising of 1 bedroom, 1 bathroom is currently rented but both units can be made available at buyer's discretion.The roof is about 12 years old, providing peace of mind for future maintenance considerations. Don't miss out on the chance to acquire a great income-generating property with promising returns. Schedule an appointment today! Selling "AS IS"
Multi-familyProperty Type
1860Year Built
7,405 sq ftLot Size
$163Est. Price/Sq.Ft.
Listed by Joel Cassar• RE/MAX Legends
Bought with Carlos Luque• Luque Realty LLC
Source:Smart MLS #24011677
Redfin Estimate
$345,887
$56K since sold in September 2024$2,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20.6% higher than the average sale price ($287K) of 5 comparable homes.
INVESTORS TAKE NOTICE! Well maintained 2 family home with a good rental history. 1st floor unit has 3-4 bedrooms, 2 full bathroom. Tenants pay 1250/m. 2nd floor unit has 1 bedroom and tenant pay $500/m because the tenant has been there for years. The rent can be raised significantly. Both tenants always pay their rent on time. Roof is 10 years old. Property is being sole " AS IS ". The seller won't do any repairs. Home inspections for buyer knowledge only. Cash or conventional loan only. Pictures took before the tenants moved in.
Smart MLS #E278679
Nov 22, 2014
Listing Removed
—
Aug 8, 2014
Listed
$88,950
$42/sq ft
Smart MLS #E229744
Nov 30, 2010
Listing Removed
—
May 30, 2009
Listed
$100,000
$47/sq ft
Smart MLS #E235142
Apr 18, 2010
Listing Removed
—
Dec 20, 2009
Listed
$64,900
$31/sq ft
Public Records
Sep 21, 2005
Sold
$225,000
$106/sq ft
Smart MLS #E161922
May 29, 2005
Listed
$219,900
$104/sq ft
Public Records
Sep 24, 2002
Sold
$134,900
$64/sq ft
Smart MLS #E115390
Feb 12, 2001
Listed
$25,000
$12/sq ft
Public Records
Jun 21, 1988
Sold
$159,000
$75/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$4,076 (+0.3%)
$16,800 + $67,000
$83,800
2022
$4,063 (−0.3%)
$16,800 + $67,000
$83,800
2021
$4,076 (+0.3%)
$16,800 + $67,000
$83,800
2020
$4,062 (+1.0%)
$16,800 + $67,000
$83,800
2019
$4,022 (+11.4%)
$16,800 + $67,000
$83,800
2018
$3,610 (−0.7%)
$15,800 + $58,800
$74,600
2017
$3,636 (−0.7%)
$15,800 + $58,800
$74,600
2016
$3,660 (+6.8%)
$15,800 + $58,800
$74,600
2014
$3,426 (−24.7%)
$15,800 + $58,800
$74,600
2011
$4,550
$52,000 + $89,000
$141,000
Tax history for 21 Ripley Pl
Year
Property tax
Land + Additions
Assessment*
2023
$4,076 (+0.3%)
$16,800 + $67,000
$83,800
2022
$4,063 (−0.3%)
$16,800 + $67,000
$83,800
2021
$4,076 (+0.3%)
$16,800 + $67,000
$83,800
2020
$4,062 (+1.0%)
$16,800 + $67,000
$83,800
2019
$4,022 (+11.4%)
$16,800 + $67,000
$83,800
2018
$3,610 (−0.7%)
$15,800 + $58,800
$74,600
2017
$3,636 (−0.7%)
$15,800 + $58,800
$74,600
2016
$3,660 (+6.8%)
$15,800 + $58,800
$74,600
2014
$3,426 (−24.7%)
$15,800 + $58,800
$74,600
2011
$4,550
$52,000 + $89,000
$141,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
—
Sq. Ft.
2,120
Year built
1860
Style
Multi-Family (2-4 Unit)
County
New London County
APN
2029471
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2023.
MF
COASTAL AREA MANAGEMENT OVERLAY DISTRICT
Multifamily District
The MF district is a base zoning district. The purpose of the MF district is to establish a district in which the principal use of the land is for higher-density residential development, typically in multi-family buildings
Zone overlays
Coastal Area Management Overlay District
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Infrastructure
Recreation
Park & open space
Property details
Interior
Interior Information
Total Rooms: 12
Cooling System: Window Unit
Bathroom Information
# of Baths (Full): 3
Bedroom Information
Beds Total: 4
Room Information
Basement Description: Full
Has Attic
Attic Description: Walk-up
Multi-Unit Information
Total Rooms Multi Family: 12
Total Number of Units: 2
Exterior
Exterior Features
Roof Information: Shingle
Exterior Siding: Aluminum
Lot Information
Lot Description: Corner Lot, Lightly Wooded, Level Lot
Building Information
Foundation Type: Concrete, Stone
Construction Description: Frame
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 2 Family
Living Area SQFT Per Public Record: 2120
Financial
Assessments Information
Assessed Value: $144,600
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Other
Heat Type: Hot Water
Heat Fuel Type: Natural Gas
Location
School Information
High School: Norwich Free Academy
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Directions: GPS
County: New London
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 2,120
Stories: 2.0
Lot Size: 7,405 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1860
Year Renovated: —
County: New London County
APN: 2029471
Home facts updated by county records on Jul 14, 2023
Around this home
Schools
Veterans' Memorial School
Public PreK-5 • Assigned • 1.3mi
5/10
Kelly Middle School
Public 6-8 • Assigned • 1.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 98° expected this year, 16 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Norwich, CT • 06360
Average low and high temperatures (°F)
34
18
37
20
52
31
61
40
68
49
80
59
84
65
80
57
74
54
65
43
53
34
39
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$329,000 – $398,000
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