39 Fairmount Street, Norwich, CT, 06360
18 rooms
6 beds
4 Full baths
1886
Units on different Floors
3,854 sqft
The VC Property Group is proud to present this High Yield Investment Opportunity consisting of 2 properties in Norwich, Ct. The portfolio is comprised of 9 units, 6 two bedrooms, 2 one bedrooms, and a studio. The offering is made up of a 4-family and 5 unit property. All utilities are separate and tenant paid, with a mix of on and off street parking. This is a value add opportunity with an estimated $1,000,000 ARV, yielding a 30% ROI once fully stabilized. Based on an assumed repair budget of $225k, properties will yield an estimated $175k net profit at full ask in a flip scenario assuming a 6 month hold, or an 85% Effective LTV in a buy and hold scenario. VC Property Group's capital markets team is able to broker bridge/rehab financing up to 90% LTV + 100% Rehab for qualified, experienced investors. Disclaimer: All financials and estimates detailed above have been derived by VC Property Group using industry standard underwriting and property valuation practices, but all buyers must conduct their own due diligence and independently verify all financial details themselves prior to purchase. Viewing this Saturday, Feb 1, from 1 to 2pm. We will begin tour at 39 Fairmount St, Norwich, Ct
Status:
Under Contract
Type:
Multi-family
Units:
5
Zoning:
MF
Heating:
Baseboard
Cooling:
None
Basement:
Full
Acreage:
0.2
Est. Taxes:
$5,730
Assessment
$150,000
Lot Description:
Level Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
26
MLS #:
24071635
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School Info
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Copyright ©2025 SmartMLS, Inc.
Listing courtesy of Anthony Velez, VC Property Group, LLC Email: anthony.velez@vcpropertygrp.com