Connecticut, Norwich, CT 06360
Property Type
Triplex
Year Built
1890
Home Style
Units on different Floors
Listing courtesy of Anthony Velez (860-519-3800) of VC Property Group, LLC (860-300-3102).
Motivated Seller!! Offered at $1,975,000 - Bottom Line - this stabilized multifamily portfolio consists of 18 units across 5 buildings, plus a multifamily infill redevelopment opportunity that provides significant upside beyond the current in-place 9% ROI. The portfolio includes: 681 N Main Street (4 units) 20 North A Street (4 units) 37 South B Street (3 units) 102 Boswell Avenue (5 units) 72 North Main Street (2 units) 15 Platt Avenue - Multifamily Redevelopment Opportunity (Former 3-Family) The income-producing assets are approximately 90% of pro forma, offering investors strong day-one cash flow with limited operational lift. Remaining upside is achievable through modest rent optimization and continued professional management. Upon full stabilization, the portfolio is projected to generate an estimated 14% fully burdened ROI, not accounting for the resale or redevelopment of the multifamily lot.
0.29 Acres
3
3
6
Norwich
2,453 Sqft
Connecticut
Triplex
1890
Units on different Floors
Aluminum Siding, Frame
3
1890
MF
Connecticut
connecticut
Level
Full
Yes
Yes - Natural Gas, Baseboard
15
Public
Total$10,353.10/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

Connecticut offers a vibrant outdoor lifestyle with activities like hiking in the Litchfield Hills, kayaking along the Long Island Sound.
Information is deemed reliable but is not guaranteed and should be independently verified.