681 North Main Street

Norwich, Connecticut 06360

Status
For Sale
Square Feet
2,800
Beds
10
Price
$2,575,000
Type
Multi-Family For Sale
Garages
Baths
5
MLS
24083805

Price

$2,575,000

Contact an Agent

Interior Details

Interior Size
2,800 Sq Ft
Bedrooms
10
Bathrooms
5
Rooms Total
Garage

Exterior Details

Lot Size
0.16 Acres
Roof
Asphalt Shingle
Sewer
Public Sewer Connected
Construction
Construction
Cooling
None

Other Information

Property Tax
$6,693
Assessed Value
$175,200
Elementary School
Per Board of Ed
Middle School
NULL
High School
Per Board of Ed

About Property

This is a fully stabilized 21 unit portfolio rented at 85% full market rent, so though it is rented strongly, it does have a 15% upside. At full market rates, this turn key portfolio yields an impressive 15% ROI and $100k net cash flow after all expenses and debt service. The portfolio consists of (2) four families, (1) 5 unit multifamily, (2) three families and (1) two family property.
Listed by VC Property Group, LLC, Anthony Velez. Data sourced from SmartMLS

Schedule Showing