7 Broad Street, Norwich, CT 06360
7 Broad Street, Norwich, CT 06360
7 Broad Street, Norwich, CT 06360
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John Grubiak

John Grubiak

+1(914) 403-6462
$895,000
Est. payment /mo
10 Beds
7 Baths
5,069 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 5,069 sqft

Price per Sqft $176

MLS Listing ID 24181790

Style Units on different Floors

Bedrooms 10

Full Baths 7

Year Built 1820

Annual Tax Amount $10,660

Lot Size 0.390 Acres

Property Sub-Type 5 Family+

Property Description

Exceptional 7-unit multifamily investment opportunity located in one of New London County's most sought-after residential neighborhoods. Featuring a desirable mix of three 2-bedroom units, two 1-bedroom units, and two studio units, this property offers broad tenant appeal and strong in-place cash flow. Currently 100% occupied with two units recently leased at market rents, the asset benefits from tenant-paid utilities, off-street parking, public water and sewer, and a spacious 0.39-acre lot. With projected stabilized annual income of approximately $133,800 and a projected 14.78% stabilized ROI, investors have the opportunity to further increase cash flow through continued rent stabilization while maintaining strong occupancy. Conveniently located near downtown Norwich, healthcare facilities, shopping, restaurants, and major transportation routes, the property benefits from consistent rental demand and limited multifamily inventory. Property may also be purchased in combination with the nearby 7-unit multifamily property at 202 Broadway, creating a unique opportunity to acquire and operate a 14-unit portfolio within close proximity.

Location

State CT

County New London

Zoning MF

Rooms

Basement Full

Interior

Heating Other

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

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Listed by Anthony Velez • VC Property Group, LLC

Nearby Locations

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John Grubiak

John Grubiak

+1(914) 403-6462

Broker | License ID: REB.0793118

Broker License ID: REB.0793118

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