2 Locations

VC Property Group is proud to present a two-property, 7-unit multifamily portfolio located at 18–20 N A Street and 37–39 S B Street in Norwich, Connecticut.

The portfolio offers a combination of in-place cash flow and clearly defined value-add through lease-up, renovation, and rent optimization. Current gross income is $114,840 with a projected stabilized income of $122,400.

At stabilization, the asset is projected to achieve approximately $96,940 NOI and a 16.29% cap rate, supported by a 2.29x DSCR and strong return profile.

The offering is priced at approximately $85,000 per unit, representing a significant discount to stabilized multifamily assets in the market trading closer to $130,000 per unit, creating a clear mark-to-market opportunity through execution.

The properties feature tenant-paid utilities, off-street parking, and public water/sewer, resulting in a low-expense operating structure. Located in one of Norwich’s most active rental corridors, the portfolio benefits from consistent demand and favorable rent growth dynamics.

Recent nearby sales further support the opportunity, including an unrenovated three-family at 33–35 N A Street that sold for $375,000 within the past three months.

This is a high-yield opportunity to acquire a stabilized asset with embedded lease-up and repositioning upside, driven by a defined renovation and leasing strategy.