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.
Features
- Heating System:
- Baseboard
- Cooling System:
- No
- Basement:
- Full
- Foundation Type:
- Masonry
- Heat Fuel Type:
- Natural Gas
- Exterior Siding:
- Aluminum
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Hot Water Description:
- 40 Gallon Tank
- Lot Description:
- Level Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Platt
- Street Number:
- 15
- Floor Number:
- 0
- Longitude:
- W73° 55′ 41.8”
- Latitude:
- N41° 31′ 57.3”
MLS Addon
- Office Name:
- VC Property Group, LLC
- Agent Name:
- Anthony Velez
- List Agent MLSID:
- 846565
- List Office MLSID:
- 13981
- Tax Year:
- July 2025-June 2026
- Directions:
- Call Agent
- Elementary School:
- Per Board of Ed
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 2030001
- Property Tax:
- $6,309
- Zoning:
- MF
Multi-family For Sale
15 Platt, Norwich, 06360
10 Bedrooms
5 Bathrooms
2,453 Sqft
$1,995,000
Listing ID #24124598
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24124598
- Price :
- $1,995,000
- Bedrooms :
- 10
- Baths Total :
- 5
- Bathrooms :
- 5
- Half Bathrooms :
- 0
- Square Footage :
- 2,453 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.29 Acre
- City:
- Norwich
- Zipcode:
- 06360
- Property Sub Type :
- 5 Family+
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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