Kings of The House LLC
Brian Pastuszak, Kings of The House LLCPhone: (860) 966-4488
Email: [email protected]
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listing
1 of 24
MultifamilyPending
$525,000
39 Fairmount Street
Norwich, CT 06360
Courtesy of VC Property Group, LLC
MLS: Smart MLS
6Beds
4Baths
3,854Sq Ft
Est. Mortgage
$2,810/mo

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

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Information courtesy of VC Property Group, LLC is subject to verification and is not guaranteed. Listing Data Last Updated 03/12/2025 05:06 PM
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