Under contract

18-20 N A St, Norwich, CT 06380

Beds
8
Baths
4
Sqft
2,254

View property features, location on map, relevant school information and overview from seller's agent.

Listed byVC Property Group, LLC
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Overview

CASH ONLY !! Fully vacant 4-family value-add opportunity located in Norwich, Connecticut. This property presents a rare chance for investors to renovate and lease from a clean slate without the challenges of existing tenants or phased turnover. The building consists of four 2-bedroom residential units with separate tenant-paid utilities, public water/sewer, and off-street parking. With strong rental demand in the Norwich market and projected stabilized rents averaging approximately $1,500 per unit, the property offers significant upside potential through renovation and lease-up strategy. Ideal for investors seeking a repositioning opportunity, the asset is well-suited for both long-term hold and BRRRR-style investment strategies. Projected stabilized income and estimated after-repair value provide a compelling value-add story with the potential for substantial equity creation upon completion of renovations. Conveniently located near downtown Norwich, local employers, shopping, restaurants, and major commuter routes. Opportunity for investors to bring new life to a multifamily asset in one of Eastern Connecticut's strongest workforce rental markets.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
8
Number of bathrooms
4
Square feet
2,254
Lot size (acres)
0.16
Year built
1875

Interior features

Basement
Yes

Utilities

Heating
Baseboard
Sewer
Public Sewer
Water
Public Water

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24179153 Last checked:

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