multifamily
2,800 SF 4 Family
681 Main Street
Norwich, Connecticut 06360
Price
$495,000
Price/SF
$176.79/SF
Building Size
2,800 SF
Lot Size
0.16 acres
Year Built
1953
Units
4
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.
Additional Details
Zoning
GC
MLS Number
24168585
Property ID
7534fa48-3a50-4fb4-93bf-83523d8739af
MLS Information
MLS#: 24168585
Listed by: VC Property Group, LLC
Agent: Anthony Velez • (860) 300-3102 • anthony.velez@vcpropertygrp.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.
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