Cliff Street Portfolio Multi-Family FOR SALE


$2,500,000 USD
860-941-9996
, Norwich, CT for Sale
$2,500,000 USD
Multi-Family - FOR SALE
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Cliff Street Portfolio
Norwich, CT
Northeast New London/Norwich


HIGHLIGHTS

  • 19 Units
  • Monthly rent roll exceeding $28,500 and near 100% occupancy

OVERVIEW

This exclusive opportunity consists of four well-maintained multifamily assets totaling 19 units located within minutes of each other. The portfolio offers investors immediate scale, strong in-place income, and continued upside through incremental rent growth and light value-add enhancements. The portfolio includes 124 Washington Street (9 units), 39 Cliff Street (4 units), 45 Cliff Street (4 units), and 51 Cliff Street (3 units), combining for a current monthly rent roll exceeding $28,500 and near 100% occupancy. The assets have benefited from consistent capital investment and active management, resulting in updated mechanical systems, renovated interiors, and reliable income performance. Each building offers its own blend of stability and upside. Most units feature tenant-paid utilities, while recent upgrades — including new combi boilers, electrical updates, interior renovations, and exterior improvements — reduce future capital expenditure exposure. Select rents remain below market average, providing clear opportunity for incremental growth through natural turnover and lease renewals.

ASK ABOUT THIS PROPERTY

Mike DohertyKeller Williams RealtyMore Info
860-941-9996

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Mike DohertyKeller Williams RealtyMore Info
860-941-9996

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.