37-39 South B Street, Taftville, CT 06380

Taftville
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
37-39 South B Street,Norwich, CT 06380
$320,000
  • 6 Beds
  • 3 Baths
  • 2,318 sq. ft.
  • Multi-family
  • Pending
Listed by: anthony velez(860) 300-3102
Office: vc property group, llc
MLS#:24161969
Source:CT

Price summary

  • Price:$320,000
  • Price per sq. ft.:$138.05

About this home

PHOTOS COMING SOON!! VC Property Group is proud to present a high-performing 3-family asset at 37-39 South B Street in Norwich, CT, offering immediate cash flow with clear upside through light value-add execution. This property is situated on an oversized 0.44-acre lot and is currently occupied across two units, with one 1-bedroom unit requiring approximately $15,000 in renovations to achieve full market rental potential. The asset benefits from off-street parking and a tenant-paid utility structure, helping minimize operating expenses and maximize investor returns. Once stabilized, the property supports a projected $54,000 annual gross income, driving strong returns relative to basis. At the current pricing, the deal presents an exceptionally attractive yield profile, with proforma metrics reaching approximately a 13.4% CAP rate and 31% ROI, positioning this as a rare opportunity for both new and experienced investors seeking strong cash-on-cash performance. The two occupied...

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Home facts

  • Year built:1875
  • Listing ID #:24161969
  • Added:5 day(s) ago
  • Updated:March 30, 2026 at 03:44 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:12
  • Basement Description:Full Basement
  • Living area:2,318 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1875
  • Building area:2,318 sq. ft.
  • Lot area:0.44 Acres
  • Lot Features:Level Lot
  • Architectural Style:Units are Side-by-Side
  • Construction Materials:Vinyl Siding

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$320,000
  • Price per sq. ft.:$138.05
  • Tax amount:$5,030 (July 2025-June 2026)
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