681 N Main St, Norwich, CT 06360
- Beds
- 8
- Baths
- 4
- Sqft
- 2,800
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 8
- Number of bathrooms
- 4
- Square feet
- 2,800
- Lot size (acres)
- 0.16
- Year built
- 1953
Interior features
- Basement
- Yes
Exterior features
- Waterfront
- River
Utilities
- Heating
- Hot Water
- Sewer
- Public Sewer
- Water
- Public Water
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Smart MLS MLS®#: 24187712 Last checked: …
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.