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$ 550,000
Est. payment /mo
New
18-20 North A Street Norwich, CT 06380
8 Beds
4 Baths
2,254 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,254 sqft
Price per Sqft $244
MLS Listing ID 24177036
Style Units are Side-by-Side
Bedrooms 8
Full Baths 4
Year Built 1875
Annual Tax Amount $6,085
Lot Size 6,969 Sqft
Property Sub-Type 4 Family
Property Description
VC Property Group is pleased to present a 7-unit multifamily investment opportunity consisting of a 4-family and nearby 3-family property in Norwich. The package includes (5) 2-bedroom units, (1) 4-bedroom unit, and (1) 1-bedroom unit, with separate tenant-paid utilities providing a strong operational setup for investors. Property will convey with five vacant units, creating a true value-add, FULL CASH OUT opportunity with immediate upside through renovation, lease-up, and stabilization. There is a projected $120,000 rehab budget to address deferred maintenance, condemned units, and repositioning of the asset. Upon stabilization, the portfolio is projected to achieve an estimated value exceeding $881,000, approximately $96,940 NOI, and projected ROI exceeding 60%, presenting a compelling opportunity for investors seeking strong equity creation and long-term cash flow potential. ALL units depicted in photos. CASH or bridge financing ONLY. Bridge financing available through VC Property Group. Proof of funds required prior to scheduling a showing.
Location
State CT
County New London
Zoning Mf/R10
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Stone
Sewer Public Sewer Connected
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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Oriel Hayer
Agent | License ID: RES.0827300