Rare opportunity to acquire a 14 unit multifamily portfolio consisting of two nearby 7 unitproperties located at 202 Broadway and 7 9 Broad Street in Norwich, Connecticut.


Property

Website:https://www.nestseekers.com/5544381
Address:
7 Broad
Norwich, CT 06360
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 10 BR
Bathrooms: 7
Area: 5069 sq ft

Financials

Price:$1,695,000
Annual Taxes:$10,660

Description

Rare opportunity to acquire a 14-unit multifamily portfolio consisting of two nearby 7-unitproperties located at 202 Broadway and 7-9 Broad Street in Norwich, Connecticut. Offering immediate scale, diversified unit mix, and significant rental upside, this package is ideal for investors seeking a larger multifamily acquisition with strong in-place cashflow and a clear path to value creation. The portfolio consists of a mix of 2-bedroom, 1-bedroom, and studio apartments that appeal to a broad tenant base while providing diversification across unit types. Both properties are fully occupied and benefit from off-street parking, public utilities, and strong occupancy history. Located in one of New London County's most sought-after residential neighborhoods, the portfolio benefits from strong tenant demand, attractive surrounding housing stock, and convenient access to downtown Norwich, healthcare facilities, shopping, restaurants, and major transportation corridors.

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Anthony Velez of VC Property Group, LLC