15 Platt Avenue

Norwich, CT 06360 Directions
$1,995,000
  • 10Bed
  • 5Baths
  • 2,453Sqft
  • 0.29Acres
  • 1890Built
  • $813Price/Sqft

Property Highlights

  • Style: Units on different Floors
  • Days on Market: 156
  • MLS: 24124598

Property Highlights

  • Style: Units on different Floors
  • Days on Market: 156
  • MLS: 24124598

This is a stabilized 19 unit portfolio with an in-place ROI of 11%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have 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.

This is a stabilized 19 unit portfolio with an in-place ROI of 11%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have 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.

Read MoreRead Less
  • Additional Information
    • Acres: 0.29
    • Basement Description: Full
    • High School: Per Board of Ed
    • Is Occupied?: Tenant
    • Living Area SqFt: 2,453
    • Property Tax: $6,309
    • Sewer: Public Sewer In Street
    • Style: Units on different Floors
    • Tax Amount: $6,309
    • Unit Count: 3
    • Year Built: 1890
    • Year Built Details: Public Records
    • Zoning: MF
  • Interior Features
    • Beds: 10
    • Full Baths: 5
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Hot Water: 40 Gallon Tank
    • Rooms: 25
    • Total Baths: 5
  • Exterior Features
    • Exterior Siding: Aluminum
    • Roof: Asphalt Shingle

Listing Courtesy of Anthony Velez of VC Property Group, Llc.

Click to view full screen