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.
| Website: | https://www.nestseekers.com/5544381 |
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| Address: | 7 Broad Norwich, CT 06360 |
| Ownership: | Multi-Family |
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| 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 -
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Anthony Velez of VC Property Group, LLC | |