CT > Norwich
Norwich, CT 06360,15 Platt Avenue
Norwich, CT 06360,15 Platt Avenue
Norwich, CT 06360,15 Platt Avenue
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$1,995,000
Est. payment /mo
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10 Beds
5 Baths
2,453 SqFt
Active

15 Platt Avenue Norwich, CT 06360

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Omar Harper

Omar Harper

+1(845) 209-0133

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 2,453 sqft

Price per Sqft $813

MLS Listing ID 24124598

Style Units on different Floors

Bedrooms 10

Full Baths 5

Year Built 1890

Annual Tax Amount $6,309

Lot Size 0.290 Acres

Property Sub-Type 5 Family+

Property Description

This is a stabilized 19 unit portfolio with an in-place ROI of 11%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have 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.

Location

State CT

County New London

Zoning MF

Rooms

Basement Full

Interior

Heating Baseboard

Cooling None

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Masonry

Sewer Public Sewer In Street

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Anthony Velez • VC Property Group, LLC

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Omar Harper

Omar Harper

Broker Associate

+1(845) 209-0133

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15 Platt Avenue

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