Norwich
Shoreline, ConnecticutNorwich, ‘The Rose of New England’ is a thriving, multi-cultural city on the Thames River in southeastern Connecticut with a rosy outlook for growth.
- $2,575,000 PRICE
- 10 Beds
- 5 Baths
- 2,800 Sqft
- 0.16 Acres
- 1953 Built
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.
Additional Information
ADDITIONAL INFORMATION
- ACRES: 0.16
- HIGH SCHOOL: Per Board of Ed
- IS OCCUPIED?: Tenant
- LIVING AREA SQFT: 2,800
- PROPERTY TAX: $6,693
- SEWER: Public Sewer Connected
- STYLE: 4updown - Unit(s) per Floor
- TAX AMOUNT: $6,693
- UNIT COUNT: 4
- YEAR BUILT: 1953
- YEAR BUILT DETAILS: Public Records
- ZONING: GC
- BEDS: 10
- FULL BATHS: 5
- FURNACE TYPE: Natural Gas
- HEAT: Natural Gas
- HEAT FUEL: Natural Gas
- HOT WATER: 50 Gallon Tank
- ROOMS: 20
- TOTAL BATHS: 5
EXTERIOR FEATURES
- EXTERIOR SIDING: Clapboard
- ROOF: Asphalt Shingle
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