Property Description
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.
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
6 Bedrooms
3 Bathrooms
2,453 Sqft
$1,975,000
Listing ID #24154214
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24154214
- Price :
- $1,975,000
- Bedrooms :
- 6
- Baths Total :
- 3
- Bathrooms :
- 3
- Half Bathrooms :
- 0
- Square Footage :
- 2,453 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.29 Acre
- City:
- Norwich
- Zipcode:
- 06360
- Property Sub Type :
- 3 Family
- Style :
- Units on different Floors
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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