$1,975,000
Active15 Platt Avenue
Norwich, Connecticut, 06360 · New London County
6
Beds
3
Baths
2,453
Sq Ft
1890
Built
MLS # 24163934
Price / Sq Ft
$805
Property Type
Multi-Family For Sale
Lot Size
0.29
Class
Property
About This Property
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.
Property Details
15 Platt Avenue, Norwich Connecticut 06360 — Multi-Family For Sale listed at $1,975,000.
At a Glance
6
Bedrooms
3
Bathrooms
2,453
Sq Ft
0.29
Lot Size
--
Garage
1890
Year Built
The Details
Property Details
Financial
Property Features
Location & Community
All Photos (34)
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$1,975,000
Listing Agent
Anthony Velez
VC Property Group, LLC
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