Properties

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.

Features
Heating System:
Hot Water
Cooling System:
No
Basement:
Full
Foundation Type:
Masonry
Heat Fuel Type:
Electric
Exterior Siding:
Clapboard
Fireplaces Total:
0
Parking Total Spaces:
0
Hot Water Description:
40 Gallon Tank
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Main
Street Number:
681
Floor Number:
0
Longitude:
W73° 56′ 29.4”
Latitude:
N41° 31′ 12.8”
Street Dir Prefix:
North
MLS Addon
Office Name:
VC Property Group, LLC
Agent Name:
Anthony Velez
List Agent MLSID:
846565
List Office MLSID:
13981
Tax Year:
July 2025-June 2026
Directions:
Call Agent
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
HOA Fee Amount:
$0
Parcel Number:
2027850
Property Tax:
$7,090
Zoning:
GC

Multi-family For Sale

681 Main, Norwich, 06360

8 Bedrooms
4 Bathrooms
2,800 Sqft
$495,000
Listing ID #24168585
Basic Details
Property Type :
Multi-family For Sale
Listing Type :
For Sale
Listing ID :
24168585
Price :
$495,000
Bedrooms :
8
Baths Total :
4
Bathrooms :
4
Half Bathrooms :
0
Square Footage :
2,800 Sqft
Year Built :
1953
Lot Area :
0.16 Acre
City:
Norwich
Zipcode:
06360
Property Sub Type :
4 Family
Style :
Units on different Floors
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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