Turnkey 5-unit multifamily investment opportunity offering immediate cash flow and long-term appreciation potential. The property is currently generating over $77,000 in annual rental income and supports a projected stabilized NOI exceeding $51,000, equating to an estimated 9.81% cap rate and 15.28% projected return on investment. The building features a desirable unit mix, separately metered electric, public water and sewer, owner paid gas heat, and low-maintenance operations. With approximately 4,885 square feet and a strong rental history, this asset is ideally suited for investors seeking dependable income, attractive investment metrics, and a well-positioned multifamily property in Norwich's established rental market.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
6/29/2026
|
|
YEAR BUILT
|
1875
|
COUNTY
|
New London
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
| AIR |
None |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Frame, Vinyl Siding |
| HEAT |
Natural Gas, Steam |
| LOT |
7841 sq ft |
| LOT DESCRIPTION |
Level |
| SEWER |
Public Sewer |
| STYLE |
Units on different Floors |
| TAXES |
7633 |
| WATER |
Public |
| ZONING |
NC |
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Listing courtesy of VC Property Group, LLC
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