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265 WASHINGTON ST
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building available for sale in Norwich Connecticut
- The property is currently fully rented with immediate income potential
- Investment opportunity offered at an asking price of $795000
- Asset performance reflects a documented 10 percent capitalization rate
- Located within a highly desired neighborhood in the 06360 zip code
What's Special
This multifamily apartment building at 265 Washington St in Norwich, CT, is currently available for sale, presenting an entry for investors focused on cash-flow assets. The property is positioned within a sought-after neighborhood, benefiting from the consistent demand for residential rentals in the region. As a fully rented asset, it provides immediate income stability for a new owner upon acquisition. The Norwich submarket serves as a central hub in New London County, offering proximity to local employment centers and regional transportation routes. This asset class remains a staple for those looking to diversify their portfolio with residential rental income in a stable Connecticut municipality. Prospective buyers will find this fully occupied building well-suited for long-term hold strategies aimed at capitalizing on the current rental market conditions. The combination of its established occupancy and identified submarket demand makes this a notable addition to a multifamily investment strategy.
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