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CASH INVESTORS - VALUE-ADD 3-UNIT OPPORTUNITY PRICED TO MOVE. 29 Mitchell Street is a true repositioning play in the City of Norwich. Offered at just $69,900, this 1,882 sq ft triplex (studio + two 1BR units) sits on a .23-acre lot and presents significant upside for investors looking to renovate, stabilize, and drive cash flow. Major mechanical already in place with newer boiler (approx. 1 year old). Public water/sewer. Updated porches (new railings and steps). Attached rear shed for additional storage. Property currently vacant with heat and water shut off - clean slate for full value-add execution. Strong rental demand in the area. Post-renovation projected rents estimated at approximately: - Studio: $700-$800/month - 1BR Units: $850-$950/month each Projected gross monthly income: $2,400+ Projected annual gross: $28,000+ At stabilization, this asset has the potential to generate stron...
CASH INVESTORS - VALUE-ADD 3-UNIT OPPORTUNITY PRICED TO MOVE. 29 Mitchell Street is a true repositioning play in the City of Norwich. Offered at just $69,900, this 1,882 sq ft triplex (studio + two 1BR units) sits on a .23-acre lot and presents significant upside for investors looking to renovate, stabilize, and drive cash flow. Major mechanical already in place with newer boiler (approx. 1 year old). Public water/sewer. Updated porches (new railings and steps). Attached rear shed for additional storage. Property currently vacant with heat and water shut off - clean slate for full value-add execution. Strong rental demand in the area. Post-renovation projected rents estimated at approximately: - Studio: $700-$800/month - 1BR Units: $850-$950/month each Projected gross monthly income: $2,400+ Projected annual gross: $28,000+ At stabilization, this asset has the potential to generate strong cash-on-cash returns at this entry price point. Sold AS-IS. Cash or rehab financing only. Escrow deposit due within 24-48 hours of accepted offer. Bring your contractor, run your numbers, and move quickly - opportunities at this price don't last.
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