Off-Market Duplex — $5,150/Mo Day-One Income | Norwich, CT
Price Breakdown
Payment Details
- Current gross rent: $5,150/month ($61,800/year)
- Unit 1: 6-Bedroom — $3,350/month
- Unit 2: 3-Bedroom — $1,800/month
- Conservative NOI: ~$46,000/year
- Tenants in place & renewing
- Tenant-paid electric
- Low-risk Flood Zone X
- Turnkey condition — zero maintenance drag
Property Details
Amenities
About This Home
Stop looking for cash flow — it just found you. This turnkey duplex in Norwich, CT is already occupied with tenants and generating $5,150/month in gross rent from day one. Unit Mix: Massive 6-bedroom unit renting at $3,350/month + 3-bedroom unit at $1,800/month. Tenants are in place and renewing. Electric is tenant-paid. Flood Zone X = low-risk. Zero maintenance drag. With a conservative NOI near $46,000 and a purchase price of $310K + closing costs, this pencils out immediately for cash buyers, DSCR buyers, and portfolio investors. High bedroom counts = consistent demand and near-zero vacancy.
Why This Deal Makes Sense
High-bedroom counts in New London County mean consistent demand and near-zero vacancy. This isn't speculation — the income is already here.
- Gross yield: ~19.9% on purchase price
- Conservative NOI: ~$46,000/year after expenses
- Both units occupied — no lease-up risk
- Tenant-paid electric reduces operating costs
- Low-risk Flood Zone X designation
- Norwich is a growing market with strong rental demand
- DSCR-friendly numbers for investor financing
About Norwich, CT
Norwich is a city in New London County, Connecticut with a growing rental market and strong tenant demand driven by its workforce population, proximity to Mohegan Sun and Foxwoods, and access to I-395. High bedroom counts in Norwich command premium rents and see low vacancy rates year-round.
Frequently Asked Questions
Are tenants currently in place?
Yes. Both units are occupied and tenants are renewing their leases. You receive income from day one with no lease-up period.
What is the current rent roll?
The 6-bedroom unit rents for $3,350/month and the 3-bedroom unit rents for $1,800/month — totaling $5,150/month or $61,800/year in gross rent.
What is the estimated NOI?
The conservative NOI is approximately $46,000/year after accounting for typical operating expenses. This makes for strong DSCR financing metrics.
Is owner financing available on this property?
This property is listed at $310K + closing costs as a straight purchase. We do have other properties in our portfolio that offer owner financing — contact us or join the buyers list to see all options.
What is the flood zone designation?
The property is in Flood Zone X — the lowest-risk flood designation. No flood insurance is typically required for properties in Flood Zone X.
Is electric included in the rent?
No — tenants pay their own electric. This reduces your operating expense exposure and is a major advantage for landlord cash flow.
What types of buyers are a good fit?
This property is ideal for cash buyers, DSCR loan buyers, hard money investors, and portfolio landlords looking for immediate cash flow with zero vacancy risk.
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