681 North Main Street new Save Request In-Person Tour Request Virtual Tour
Norwich,CT 06360
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $919
MLS Listing ID 24083805
Style 4updown - Unit(s) per Floor
Bedrooms 10
Full Baths 5
Year Built 1953
Annual Tax Amount $6,693
Lot Size 6,969 Sqft
Property Sub-Type 5 Family+
Property Description
This is a fully stabilized 21 unit portfolio rented at 85% full market rent, so though it is rented strongly, it does have a 15% upside. At full market rates, this turn key portfolio yields an impressive 15% ROI and $100k 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.
Location
State CT
County New London
Zoning GC
Rooms
Basement None
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed