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54 Roath St 4 Unit Apartment Building $390,000 ($97,500/Unit) 9.70% Cap Rate Norwich, CT 06360
Investment Highlights
- Great cash flow opportunity.
- Renovated with updated kitchens.
- Off-street parking available.
- Modern bathrooms, new flooring and new roof.
Executive Summary
Excellent opportunity to acquire a cash-flowing 3-unit building! This 2,788 SF three-story property consists of two 3-bedroom, 1-bath units, and one 1-bedroom, 1-bathroom all of which have been renovated with updated kitchens, modern bathrooms, new flooring and new roof. Separate, tenant-paid utilities enhance income potential. Additional features include off-street parking. A solid investment with strong cash flow and value-add upside.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $390,000 | Apartment Style | Low-Rise |
| Price Per Unit | $97,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 9.70% | Building Size | 2,788 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1850/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | MF - Multifamily | ||
| Price | $390,000 |
| Price Per Unit | $97,500 |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,788 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1850/2023 |
| Opportunity Zone |
Yes |
| Zoning | MF - Multifamily |
Amenities
Unit Amenities
- Kitchen
- Granite Countertops
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3.5 | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NORW-000094-000006-000005 | Improvements Assessment | $148,400 |
| Land Assessment | $24,800 | Total Assessment | $173,200 |
Property Taxes
Parcel Number
NORW-000094-000006-000005
Land Assessment
$24,800
Improvements Assessment
$148,400
Total Assessment
$173,200
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54 Roath St
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