Immediate Cash Flow: 7 Units 38 Cliff St 7 Unit Apartment Building $1,307,722 CAD ($186,817 CAD/Unit) 8.22% Cap Rate Norwich, CT 06360

38 Cliff St presents an opportunity to acquire a seven-unit multifamily asset in Norwich, Connecticut. The property combines immediate in-place income with long-term investment potential in an established residential area near Downtown Norwich, local employment centers, retail services, and regional transportation routes. Its location provides residents with convenient access to shopping, dining, public services, and the broader Southeastern Connecticut market.
The three-story building features classic mansard-style architecture with a masonry and brick exterior that contributes to its historic character. The asset offers instant scale through seven income-producing units within a single structure, creating operational efficiencies compared to smaller multifamily holdings. Norwich continues to benefit from its position between New London and Hartford corridors, with access to major roadways supporting commuter and workforce connectivity.
The property's Opportunity Zone location may provide additional consideration for investors evaluating long-term capital deployment strategies, subject to applicable program requirements. Combined with existing rental income, a substantial unit count, and a location within an established rental market, the property offers a multifamily investment opportunity with current cash flow and future value enhancement potential.