15 Platt Avenue, Norwich, CT 06360
15 Platt Avenue, Norwich, CT 06360
15 Platt Avenue, Norwich, CT 06360
15 Platt Avenue, Norwich, CT 06360
15 Platt Avenue, Norwich, CT 06360
15 Platt Avenue, Norwich, CT 06360
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Dominick DiFilippo

Dominick DiFilippo

+1(914) 481-2223
$ 1,975,000
Est. payment | /mo

6 Beds

3 Baths

2,453 SqFt

Save
$ 1,975,000
Est. payment | /mo
Save

6 Beds

3 Baths

2,453 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,453 sqft

Price per Sqft $805

MLS Listing ID 24163934

Style Units on different Floors

Bedrooms 6

Full Baths 3

Year Built 1890

Annual Tax Amount $6,309

Lot Size 0.290 Acres

Property Sub-Type 3 Family

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.

Location

State CT

County New London

Zoning MF

Rooms

Basement Full

Interior

Heating Baseboard

Cooling None

Exterior

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

Nearby Locations

Dominick DiFilippo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(914) 481-2223

hello@empireteam.com

625 US-6, Mahopac, NY, 10541-4794, USA

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15 Platt Avenue