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
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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