249 Yantic Street, Norwich (Yantic), CT, Connecticut, property flyer

249 Yantic Street, Norwich (Yantic), CT, 06360 | $299,500

Fully Renovated Mixed-Use Gem at 249 Yantic Street! Welcome to a beautifully updated property that marries modern style with rich local history. Once home to the beloved EZ Market, this fully renovated space offers a unique opportunity to revive a classic retail concept while serving a thriving residential community. The retail area now includes a convenient studio apartment for the retailer, allowing for seamless on-site living and business operations. In addition, there are two separate apartments available for rental income, enhancing the investment potential of this property. The home features sleek, contemporary finishes that blend classic charm with modern convenience. Outside, you'll appreciate a stunning wrap-around deck perfect for outdoor entertaining, a spacious two-car garage, and plenty of parking with on-street options in addition to dedicated spaces in the driveway. Located at 249 Yantic Street in the heart of a vibrant neighborhood, this property benefits from its proximity to the renowned Yantic Court Apartments just down the street, ensuring a built-in customer base for any revived market concept. Don't miss your chance to own a piece of history and transform it into a thriving community hub. Embrace the opportunity to reinvigorate a familiar name while making your mark on one of the area's most dynamic streets. Property sold "As Is".

Features

Town: Norwich
Rooms: 11
Bedrooms: 6
Baths: 3 full
Units: 3
Laundry: None
Style: Units on different Floors

Year Built: 1890
Garage: 2-car Detached Garage,Paved,Off Street Parking,Driveway
Heating: Hot Air
Cooling: None
Basement: Full,Unfinished,Storage,Concrete Floor
Above Grade Approx. Sq. Feet: 3,857
Acreage: 0.11

Est. Taxes: $6,544
Lot Desc: Sloping Lot
Elem. School: Per Board of Ed
High School: Per Board of Ed
MLS#: 24074656
Website: https://www.raveis.com
/prop/24074656/249yanticstreet_norwich_ct?source=qrflyer

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Listing courtesy of Houlihan Lawrence WD

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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@raveis.com

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249 Yantic Street, Norwich (Yantic), CT, 06360

$299,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$239,600	$239,600	$239,600
Term	360 months	360 months	180 months
Initial Interest Rate**	6.625%	6.990%	5.875%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	7.172%	7.154%	6.172%
Monthly Tax Payment	$545	$545	$545
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$1,534	$1,592	$2,006
Total Monthly Payment	$2,154	$2,212	$2,626

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.