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15 Platt Avenue, Norwich CT 06360
Current Price: $2,295,000
10 beds 
5 baths 
2453 sq. ft
Last Update: 6/14/2025
Property Type: Multi-Family For Sale
This is a fully stabilized 21 unit portfolio with an in-place ROI of 13%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have a 14% 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.
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MLS #: 24093110
Style: Units on different Floors
Color:
Total Rooms:
Bedrooms: 10
Bathrooms: 5
Acres: 0.29
Year Built: 1890 (Public Records)
New Construction: No/Resale
Home Warranty Offered:
Property Tax: $5,955
Zoning: MF
Mil Rate:
Assessed Value: $155,900
Potential Short Sale:
Square Footage: Estimated HEATED Sq.Ft. above grade is 2453; below grade sq feet total is ; total sq ft is 2453
| Fireplaces: | 0 |
| Basement Desc.: | Full |
| Exterior Siding: | Aluminum |
| Foundation: | Masonry |
| Roof: | Asphalt Shingle |
| Garage/Parking Type: | None |
| Swimming Pool: | 0 |
| Waterfront Feat.: | Not Applicable |
| Lot Description: | Level Lot |
| Occupied: | Tenant |
Hot Water System
Heat Type:
Fueled By: Baseboard.
Cooling: None
Fuel Tank Location:
Water Service: Public Water Connected
Sewage System: Public Sewer Connected
Elementary: Per Board of Ed
Intermediate:
Middle:
High School: Per Board of Ed
Current List Price: $2,295,000
Original List Price: $2,295,000
DOM: 41
Listing Date: 5/3/2025
Last Updated: 5/23/2025 1:02:48 PM
List Agent Name: Anthony Velez
List Office Name: VC Property Group, LLC