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$ 270,000
Est. payment /mo
New
37-39 South B Street Norwich, CT 06380
6 Beds
3 Baths
2,318 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,318 sqft
Price per Sqft $116
MLS Listing ID 24179203
Style Units are Side-by-Side
Bedrooms 6
Full Baths 3
Year Built 1875
Annual Tax Amount $5,030
Lot Size 0.440 Acres
Property Sub-Type 3 Family
Property Description
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
State CT
County New London
Zoning R20
Rooms
Basement Full
Interior
Heating Hot Water
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Anthony Velez • VC Property Group, LLC
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