15 Platt Avenue

Norwich, CT 06360

$2,295,000 PRICE
10 Beds
5 Baths
2,453 Sqft
0.29 Acres
1890 Built

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.

Additional Information

ADDITIONAL INFORMATION

ACRES: 0.29
ATTIC DESCRIPTION: Walk-In
BASEMENT DESCRIPTION: Full
HIGH SCHOOL: Per Board of Ed
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 2,453
PROPERTY TAX: $5,955
SEWER: Public Sewer Connected
STYLE: Units on different Floors
TAX AMOUNT: $5,955
UNIT COUNT: 3
YEAR BUILT: 1890
YEAR BUILT DETAILS: Public Records
ZONING: MF

INTERIOR FEATURES

ATTIC: Yes
BEDS: 10
FULL BATHS: 5
FURNACE TYPE: Natural Gas
HEAT: Natural Gas
HEAT FUEL: Natural Gas
HOT WATER: 50 Gallon Tank
ROOMS: 25
TOTAL BATHS: 5

EXTERIOR FEATURES

EXTERIOR SIDING: Aluminum
ROOF: Asphalt Shingle

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Location for 15 Platt Avenue, Norwich, CT

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Community

Norwich

Shoreline, Connecticut

Norwich, ‘The Rose of New England’ is a thriving, multi-cultural city on the Thames River in southeastern Connecticut with a rosy outlook for growth.

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William Pitt Sotheby's International Realty

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