Description
Beautiful 5 Unit multifamily available in Norwich CT. This property consists of (4) 1bd/1ba units and (1) 2bd/1ba unit. All separate utilities. This 4,100 sq/ft building has spacious 1bd apartments. Great location between downtown and Chelsea Parade makes for easy access to amenities for tenants. Great opportunity for an investor looking to secure a well maintained building with huge value add in raising under market rents. 8.5% Actual Cap - 10%+ Proforma Cap.
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6BEDS
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0.37ACRES
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5BATHS
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01/2 BATHS
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4,139SQFT
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$97$/SQFT
School Information
Description
Beautiful 5 Unit multifamily available in Norwich CT. This property consists of (4) 1bd/1ba units and (1) 2bd/1ba unit. All separate utilities. This 4,100 sq/ft building has spacious 1bd apartments. Great location between downtown and Chelsea Parade makes for easy access to amenities for tenants. Great opportunity for an investor looking to secure a well maintained building with huge value add in raising under market rents. 8.5% Actual Cap - 10%+ Proforma Cap.
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