$465,000
$465,000
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681 North Main Street Norwich, CT 06360
8 Beds
4 Baths
2,800 SqFt
Key Details
Sold Price $465,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $166
MLS Listing ID 24187712
Sold Date 07/30/26
Style Units on different Floors
Bedrooms 8
Full Baths 4
Year Built 1953
Annual Tax Amount $5,983
Lot Size 6,969 Sqft
Property Sub-Type 4 Family
Property Description
We are 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 10 CAP with an 18% ROI, and 26% Proforma ROI. At stabilization, the asset achieves approximately $56,710 NOI and a 1.88x DSCR, offering strong yield with minimal execution risk. The property features a mix of tenant and owner 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
Waterfront Description River
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
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Bought with Anthony Velez • VC Property Group, LLC
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