15 Platt Ave Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $11,061/month
Total Views
1,955
10
Beds
5
Baths
2,453
Sq Ft
$813
Price per Sq Ft
About This Home
This is a stabilized 19 unit portfolio with an in-place ROI of 11%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,309
Year Built
- Built in 1890
Lot Details
- 0.29 Acre Lot
- Level Lot
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
- Masonry
Interior Spaces
- 2,453 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 2030001
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,309 | $155,900 | $35,800 | $120,100 |
| 2024 | $5,955 | $155,900 | $35,800 | $120,100 |
| 2023 | $4,183 | $86,000 | $25,300 | $60,700 |
| 2022 | $4,169 | $86,000 | $25,300 | $60,700 |
| 2021 | $4,188 | $86,100 | $25,400 | $60,700 |
| 2020 | $4,168 | $86,000 | $25,300 | $60,700 |
| 2019 | $4,127 | $86,000 | $25,300 | $60,700 |
| 2018 | $3,852 | $79,600 | $29,800 | $49,800 |
| 2017 | $3,880 | $79,600 | $29,800 | $49,800 |
| 2016 | $3,905 | $79,600 | $29,800 | $49,800 |
| 2015 | $3,826 | $79,600 | $29,800 | $49,800 |
| 2014 | $3,656 | $79,600 | $29,800 | $49,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $1,995,000 | -- | $813 / Sq Ft |
Source: SmartMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $222,750 | None Available | |
| Warranty Deed | $222,750 | None Available | |
| Warranty Deed | $90,000 | None Available | |
| Warranty Deed | $90,000 | None Available | |
| Warranty Deed | $30,000 | -- | |
| Warranty Deed | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,169,000 | Purchase Money Mortgage | |
| Previous Owner | $144,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $98,000 | No Value Available | |
| Previous Owner | $70,000 | No Value Available |
Source: Public Records
About the Listing Agent
Anthony's Other Listings
Source: SmartMLS
MLS Number: 24124598
APN: NORW-000093-000005-000067
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