About 15 Platt Avenue
This is a fully stabilized 21 unit portfolio with an in-place ROI of 13%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have a 14% upside. At full market rates, this turn key portfolio yields an impressive 21% ROI and $120k Net Cash Flow after all expenses and debt service. The portfolio consists of (2) four families, (1) 5 unit multifamily, (2) three families and (1) two family property. The properties feature tenant paid utilities and a mix of on and off street parking.
Features of 15 Platt Avenue
| MLS® # | 24093110 |
|---|---|
| Price | $2,295,000 |
| Bedrooms | 10 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 2,453 |
| Acres | 0.29 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Units on different Floors |
| Status | Active |
Community Information
| Address | 15 Platt Avenue |
|---|---|
| Area | N/A |
| City | Norwich |
| County | New London |
| State | Connecticut |
| Zip Code | 06360 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior | Aluminum |
|---|---|
| Lot Description | Level Lot |
| Roof | Asphalt Shingle |
| Foundation | Masonry |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | May 3rd, 2025 |
|---|---|
| Days on Market | 11 |
| Zoning | MF |
| RE / Bank Owned | No |
Listing Details
| Office | VC Property Group, LLC |
|---|