28 Eaton Avenue, Norwich, NY 13815

Property Description

Strategically positioned investment opportunity offering three viable exit strategies: permitted short-term rental, premium single-family residence, or future multi-family conversion. A short-term rental permit is already in place and conveys with the property, allowing immediate Airbnb/VRBO use subject to local regulations. A detailed investment prospectus is attached outlining strategy, comps, and long-term positioning. This 2-story home offers approximately 1,508 sq ft of flexible living space with a layout that supports multiple guest or tenant configurations, including a first-floor bedroom, first-floor laundry, office, and additional rooms suitable for expanded use. The second floor is already equipped with infrastructure that may support a future kitchenette, allowing for low-cost duplex-style conversion, subject to buyer due diligence. Recent capital improvements significantly reduce near- and mid-term ownership risk and support durable cash flow, including a metal roof, brand-new gas furnace with supplemental gas backup heater, Jacuzzi-brand tankless hot water system with an additional 40-gallon backup tank, and fiber optic cabling for reliable high-speed internet—an essential amenity for STR and mid-term rental demand. Both bathrooms have been fully renovated, including one with a Bath Fitter tub and shower system designed for durability and low maintenance. The country kitchen features high-end Merillat Masterpiece cabinetry and stainless steel appliances, including a dual oven with air-fryer functionality, high-efficiency refrigerator, and GE Profile one-step washer/dryer unit, supporting turnkey operation. Interior French doors enhance flow. Exterior improvements include a renovated front porch, new vinyl fencing enclosing the backyard, and attractive seasonal landscaping. Additional features include public water and sewer, gas forced-air heat, blacktop driveway, detached one-car garage, and negotiable furniture and furnishings. Centrally located near downtown Norwich amenities, medical facilities, and regional attractions driving year-round lodging demand. Investors are encouraged to review the attached prospectus.