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$ 495,000
Est. payment /mo
New
681 North Main Street Norwich, CT 06360
8 Beds
4 Baths
2,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $176
MLS Listing ID 24168585
Style Units on different Floors
Bedrooms 8
Full Baths 4
Year Built 1953
Annual Tax Amount $7,090
Lot Size 6,969 Sqft
Property Sub-Type 4 Family
Property Description
VC Property Group is proud to present a 4-unit multifamily asset located at 681 N Main Street. The property is fully occupied and generating $61,752 in current gross income, delivering an in-place cap rate of approximately 9.39%, with upside to an 11.46% cap rate at stabilization through modest rent increases. At stabilization, the asset achieves approximately $56,710 NOI and a 1.80x DSCR, offering strong yield with minimal execution risk. The property features tenant-paid utilities, public water/sewer, and a low operating expense profile. This is a stabilized asset with immediate cash flow and mark-to-market rent upside.
Location
State CT
County New London
Zoning GC
Rooms
Basement Full
Interior
Heating Hot Water
Cooling None
Exterior
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Anthony Velez • VC Property Group, LLC
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