#24091791, Anthony Velez, Listing Office: VC Property Group, LLC

15 Platt Ave Norwich, CT 06360
Property details
About 15 Platt Ave
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.
Highlights
Summary
- Full Bathrooms: 5
- Basement: Yes
- Total Bedroom Count: 10
- Attached Garage: No
- Private Pool: No
- Parking: None
- Heating: Baseboard
- Cooling: None
- List Price: $2,295,000
- Price/SqFt: $935
- Annual Tax Amount: $5,955
- Tax Year: 2024
- Lot: Level
- Directions: Call Agent
- Year Built: 1890
- Living Area: 2,453 SqFt
- Lot Size: 0.29 Acres
- MLS Number: 24093110
- Office Name: VC Property Group, LLC
- Office Phone: (860) 519-3800
- Office Email: anthony.velez@vcpropertygrp.com
- Listing Agent: Anthony Velez
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Last updated on: 5/6/2025, 5:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,295,000
15 Platt Ave
$10,000
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 28, 2023 | Home Sold | $222,750 |
Sep 14, 2021 | Home Sold | $90,000 |
Jun 07, 1996 | Home Sold | $30,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $155,900 | $5,955 |
2023 | $86,000 | $4,183 |
2022 | $86,000 | $4,169 |
2021 | $86,100 | $4,188 |
2020 | $86,000 | $4,168 |
2019 | $86,000 | $4,127 |
History based on county public records data.
Nearby schools
4
John B. Stanton School
Public District KG-5
1.7 mi
•386 New London Tpke
4
Uncas Elementary School
Public District KG-5
1.9 mi
•280 Elizabeth Street Ext
3
Samuel Huntington School
Public District KG-5
1.9 mi
•80 W Town St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $74,836. The most common annual income of people living in Norwich, CT is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
Similar homes for sale
This home is located at 15 Platt Ave in Norwich, CT and zip code 06360. This 2,453 square foot home, which was built in 1890, sits on a 0.29 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 3, 2025 and is currently priced at $2,295,000.
In April 2025, from all listings sold in Norwich, CT there were more than 23 sold above asking price, over 11 sold below and more than 7 were sold right at the asked price. Between March and April 2025, Norwich, CT real estate market has seen decrease in the number of listings by 0.6%.