Interested in the Norwich CT Market

[Jeff Bousquet]

can anyone provide insight on the Norwich CT market? Vacancy rates? Turn over? How did the area do in 2008/2009? 

[Kyle Campbell]

Hey guys, in my experience norwich makes for a good place to invest in buy and hold. Not as great of a place for flips. There’s a lot of single family properties on the market which makes selling a flip more difficult. But as far as rental properties go, the values are starting to come up over the past couple of years, so the really good deals are getting more rare, but there are still some deals to be had. The rental market has been strong for me, and I’ve haven’t had any problems finding tenants. There are 3 different section 8 agencies here which help filling units as well. I focus on duplexes, which are all 3-4 bed units. My 3’s go for 1000-1200 and my 4’s go for 1200-1400. Anyway, if you’re looking for an inexpensive place to invest norwich may be worth looking into. I’m also an agent with IMT Realty in Groton, if you need any further assistance. Good luck guys. -Kyle