T. 860-662-6493 text | call
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Presented by Mary Vi Homes Connecticut
ViBergman, LLC
Licensed in CT as ViBergman, LLC Real Estate Connecticut

7 Broad, Norwich, CT

$795,000

11 bedrooms7 full bathrooms5,069 square feet
T. 860-662-6493 text | call
Hello@MaryViHomes.com
Mary Vi crest
7 Broad, Norwich, CT

Overview

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.

Property Details

MLS Number 24207846
List Price 795000
Status Active
Property Type Multi-Family For Sale
Property Sub Type 5 Family+
Beds Total 11
Baths Full 7
Baths Half 0
Total Rooms 26
Acres 0.39
Year Built 1820
Living Area SQFT Per Public Record 5069
Style Units on different Floors
Basement Description Full
Fireplaces Total 0
Heat Type Hot Air
Heat Fuel Type Gas In Street
Cooling System None
Water Source Public Water Connected
Sewage System Public Sewer Connected
Direct Waterfront YN 0
Waterfront Description Not Applicable
Days on Market 30
T. 860-662-6493 text | call
Hello@MaryViHomes.com
Mary Vi crest
7 Broad, Norwich, CT

If you are interested in this property or would like to learn more, please contact Mary Vi Homes Connecticut at Hello@MaryViHomes.com or by calling 860-662-6493.