Under contract

37-39 S B St, Norwich, CT 06380

Beds
6
Baths
3
Sqft
2,318

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 !! Add-value 3-family investment opportunity located in Norwich, Connecticut. This property offers investors the rare ability to unlock significant upside through renovation, lease-up, and rent stabilization in a market with strong workforce housing demand. The property consists of one spacious 4-bedroom unit and two additional 1-bedroom units, creating a desirable unit mix that appeals to a broad tenant base. Currently operating below its full income potential, the asset presents a clear path to increased cash flow through unit improvements and leasing strategy. Additional features include off-street parking, separate tenant-paid utilities, public water and sewer, and gas heat and hot water. Situated on a generous lot, the property benefits from convenient access to downtown Norwich, major employers, shopping, restaurants, and transportation corridors. Whether you're looking to execute a traditional value-add strategy, BRRRR investment model, or long-term cash-flow hold, this property offers a compelling combination of current income, renovation upside, and future appreciation potential. An excellent opportunity to acquire a multifamily asset with a defined path to value creation in one of Eastern Connecticut's most active rental markets.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Number of bathrooms
3
Square feet
2,318
Lot size (acres)
0.44
Year built
1875

Interior features

Basement
Yes

Utilities

Heating
Hot Water
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®#: 24179203 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.