$1,995,000

15 Platt Avenue, Norwich, CT 06360

  • 10 beds |
  • 5 baths |
  • 2,453 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $813/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
September 22, 2025 at 02:44PM
Listing Office:
VC Property Group, LLC : (860) 300-3102
Listing Agent:
Anthony Velez : (860) 300-3102
MLS ID:
24124598
  • Basement: Full
  • A/C: None
  • Heating: BaseboardNatural Gas
  • Fireplace: Fireplaces: 0
  • Style: Units on different Floors
  • Roofing: Asphalt Shingle
  • County: New London
  • Zoning: MF2030001
  • Water: Public Water Connected
  • Sewer: Public Sewer In Street

This listing courtesy of Anthony Velez, VC Property Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

J

John B. Stanton School

386 New London Tpke, Norwich, CT, 06360

Grades KG-5

1.68 miles away

K

Kelly Steam Magnet Middle School

25 Mahan Dr, Norwich, CT, 06360

Grades 6-8

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.