15 Platt Avenue

Norwich, Connecticut 06360

Status
For Sale
Square Feet
2,453
Beds
10
Price
$2,295,000
Type
Multi-Family For Sale
Garages
Baths
5
MLS
24093110

Price

$2,295,000

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Interior Details

Interior Size
2,453 Sq Ft
Bedrooms
10
Bathrooms
5
Rooms Total
Garage

Exterior Details

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

Other Information

Property Tax
$5,955
Assessed Value
$155,900
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 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.
Listed by VC Property Group, LLC, Anthony Velez. Data sourced from SmartMLS

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