$80,399

NOI

1.82

DSCR

10%

Cap

29%

ROI

$775,000
Luxury 4 Family Near Downtowm

87-89 Broad St, Norwich, CT

4 Family . $193,750/unit

$775,000

Anthony Velez

VC Property Group

REB.0795536

Est. $5,174 /mo

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Description Income Loan Terms

$77,999

NOI

1.77

DSCR

10%

Cap

18%

ROI

% Proforma : % Proforma
98%
Parking
Off Street
Property Type Type
4 Family
Heating
Natural Gas
Buildings
1
Hot Water
Natural Gas
Parcel(s)
1
Sewer
Public
Year Built
1935
Water
Public
Occupancy Occ.
100%
Trash
City Pick-up
Sqft
4099 sqft
Utility Split
Tenant Paid
Lot Size
1 acres
Sprinklers
No
Highlights
  • Separate, Tenant Paid Utilities

Welcome to one of the most beautifully finished multifamily properties on the market - located in one of Connecticut's most desirable multifamily neighborhoods. This fully remodeled 4-family property features high-end designer finishes across all four units, making it truly stand out from the competition. Each residence is equipped with custom-built kitchen cabinetry, granite countertops, in-unit washer/dryers, dishwashers, and central air. All utilities are tenant paid, and the property features a large parking lot at the rear of the house with ample parking for all tenants. With market rents over $2,000 for such quality units in this neighborhood, the return would be north of 16%. This property offers a rare turn-key opportunity in a high-demand market. Don't miss your chance - call today.


Anthony Velez


VC Property Group

REB.0795536