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15 Platt Avenue

Norwich, CT 06360

$1,975,000 PRICE
6 Beds
3 Baths
2,453 Sqft
0.29 Acres
1890 Built

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.

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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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