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Property view

39 Fairmount Street, 
Norwich, CT 06360

$510,000


6

Beds


4

Baths


3,854

Sq Ft


Multi-Family

Sold

Listed by

Anthony Velez

Vc Property Group, LLC.

MLS#

24071635

Source:

CT

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About This Home

39 Fairmount Street

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

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1886

Price Summary

525,000

$136 per Sq. Ft.

MLS #:

24071635

Sold:

May 1, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,854 Sq. Ft.


Structure

Structure

Building Area:

3,854 Sq. Ft.

Year Built:

1886


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$525,000

Price per Sq. Ft:

$136 per Sq. Ft.

Source:CT
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