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15 Platt Ave Norwich, CT 06360

For Sale
$1,995,000

19-unit portfolio with upside potential in Norwich, Connecticut.

Lot size:
0.29 Acres

Property Features for 15 Platt Ave

General Information

Lot size
0.29 Acres

Building Details

Year built
1890

Source: VC Property Group, LLC Agent Anthony Velez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Stabilized Multifamily Portfolio For Sale

This is a stabilized 19-unit portfolio with an in-place ROI of 11%. The portfolio is rented at 86% of full market rates, indicating potential upside. At full market rates, this turn-key portfolio yields a 21% ROI and $120k Net Cash Flow after all expenses and debt service. The portfolio consists of two four-family properties, one five-unit multifamily property, two three-family properties, and one two-family property. The properties feature tenant-paid utilities and a mix of on- and off-street parking.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Norwich
County
New London
State
Connecticut
Longitude
-72.07157
Latitude
41.53258

FAQs

What type of property is this?
Apartment building - 19-unit portfolio with upside potential in Norwich, Connecticut.
Where is this apartment building located?
The property is located at 15 Platt Ave Norwich, CT.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: - Turnkey portfolio yielding a potential 21% ROI at full market rates.; - Potential $120k Net Cash Flow after all expenses and debt service at full market rates.; - Stabilized 19-unit portfolio with an in-place 11% ROI.
More about this property
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