This is a fully stabilized 21 unit portfolio rented at 85% full market rent, so though it is rented strongly, it does have a 15% upside. At full market rates, this turn key portfolio yields an impressive 15% ROI and $100k net cash flow after all expenses and debt service. The portfolio consists of (2) four families, (1) 5 unit multifamily, (2) three families and (1) two family property.
For sale
$2,575,000
681 N Main St, Norwich, CT 06360
10beds
2,800sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$920/sqft
$-- HOA
What's special
- 29 days
- on Zillow |
- 478 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: March 27, 2025 at 11:09am
Listed by:
Anthony Velez,
VC Property Group, LLC
Source: Smart MLS,MLS#: 24083805

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater
Features
- Basement: None
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
- Finished area above ground: 2,800
Property
Parking
- Parking features: None
Lot
- Size: 6,969.6 Square Feet
- Features: Level
Details
- Parcel number: 2027850
- Zoning: GC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4updown - Unit(s) per Floor
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Clapboard
- Foundation: Masonry
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Norwich
Financial & listing details
- Price per square foot: $920/sqft
- Tax assessed value: $175,200
- Annual tax amount: $6,693
- Date on market: 3/27/2025
- Loading
- Loading