BEDS8
BATHS4 full
SQUARE FEET2,254
MLS#24179153
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: None
Fuel Type: Electric
Heating: Baseboard
Home Style: Units are Side-by-Side
Lot Size: 0.16 Acres
Roof Type: Asphalt Shingle
Taxes: $6,085
Year Built: 1875
Feature Descriptions
Days on Site: 5
Exterior: Clapboard
Lot: Level Lot
Sewer: Public Sewer Connected
Units: 4
Water: Public Water Connected
Waterfront: Not Applicable
Local Schools
High School: Per Board of Ed
Elementary School: Per Board of Ed
Listed By / Shown By
Listing By
Agency Name: VC Property Group, LLC
Agent Name: Anthony Velez
Shown By
Agent Name: Christina D'Altilio
Agent Phone: Cell: (845) 542-9248
Agency Title: Coldwell Banker Choice Properties
Estimate Your Payment
Estimated Payment
$ 1,211.91 per month $623.16 Principal & Interest $507.08 Property Tax $81.67 Homeowner's InsuranceChange Payment Information
Christina D'Altilio Licensed Real Estate Salesperson
Cell: (845) 542-9248
Email: christina.daltilio@coldwellbankerchoice.com
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18-20 North A | MLS# 24179153
This multi-family property located at 18-20 North A, Norwich, CT 06380 is currently listed for sale with an asking price of $280,000. Search Norwich real estate on christina-daltilio.coldwellbankerchoice.com today.