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$2,295,000
12 Days On Site
15 Platt AvenueNorwich, CT 06360
For Sale|Multi Family|Active
10
Beds
5
Full Baths
0
Partial Baths
2,453
SqFt
$936
/SqFt
1890
Built
County:
New London
Listing courtesy of Anthony Velez of VC Property Group, LLC
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This is a fully stabilized 21 unit portfolio with an in-place ROI of 13%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have a 14% upside. At full market rates, this turn key portfolio yields an impressive 21% ROI and $120k 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. The properties feature tenant paid utilities and a mix of on and off street parking.
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Listing Snapshot
Price
$2,295,000
Days On Site
12 Days
Bedrooms
10
Inside Area (SqFt)
2,453 sqft
Total Baths
5
Full Baths
5
Partial Baths
N/A
Lot Size
0.29 Acres
Year Built
1890
MLS® Number
24093110
Status
Active
Property Tax
$5,955
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Listing first seen on site |
General Features
Acres
0.29
Parking
None
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
2453
Style
Units on different Floors
Water Source
Public
Zoning
MF
Interior Features
Basement
Full
Heating
Natural GasBaseboard
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Exterior Features
Construction Details
Aluminum SidingFrame
Lot Features
Level
Roof
Asphalt
Schools
School District
Unknown
Elementary School
Per Board of Ed
Middle School
Unknown
High School
Per Board of Ed
Listing courtesy of Anthony Velez of VC Property Group, LLC
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 SmartMLS, Inc.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 SmartMLS, Inc.
Neighborhood & Commute
Source: Walkscore
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