681 N Main St Norwich, CT 06360

Building Details

Year Built

1953

Listing agency VC Property Group, LLC a***@vcpropertygrp.com Show Phone

Listed by Anthony Velez Show Phone

Source Elliman

Added: Jul 5 Updated: Jul 21 at 2:08PM Checked: Jul 22 at 11:23AM

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Investment Insights

Based on property information with market context.

This four-unit multifamily asset is fully occupied and currently generating $61,752 in gross income. The property is described as delivering an in-place 10 CAP and an 18% ROI, with a 26% pro forma ROI. At stabilization, it is projected to achieve approximately $56,710 in NOI and a 1.88x DSCR.

The property is located at 681 N Main Street in Norwich, CT. The offering notes a mix of tenant- and owner-paid utilities, along with public water/sewer service, and a low operating expense profile.

The asset is presented as stabilized with immediate cash flow characteristics and built-in income performance based on the figures cited in the remarks.

Key Highlights

• 4‑unit multifamily at 681 N Main Street, built in 1953
• Fully occupied with current gross income of $61,752
• In‑place 10 CAP and reported 18% ROI, with 26% proforma ROI

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FAQs

What type of property is this?

Quadplex - Stabilized four-unit multifamily property is fully occupied with a current gross income stream.

Where is this quadplex located?

The property is located at 681 N Main St Norwich, CT.

What is the asking price?

The asking price for this property is $465,000.

What are key features of this property?

This property features: 4‑unit multifamily at 681 N Main Street, built in 1953; Fully occupied with current gross income of $61,752; In‑place 10 CAP and reported 18% ROI, with 26% proforma ROI