15 Platt Avenue
Norwich, Connecticut

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 Courtesy of VC Property Group, LLC