Anita Chu

REALTOR®, ABR®, C2EX, AHWD License ID: RES.0822482

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$ 465,000

Est. payment | -/mo

8 Beds

4 Baths

2,800 SqFt

$ 465,000

Est. payment | -/mo

8 Beds

4 Baths

2,800 SqFt

Key Details

Sold Price $465,000

Property Type Multi-Family

Sub Type 4 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $166

MLS Listing ID 24187712

Sold Date 07/30/26

Style Units on different Floors

Bedrooms 8

Full Baths 4

Year Built 1953

Annual Tax Amount $5,983

Lot Size 6,969 Sqft

Property Sub-Type 4 Family

Property Description

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

State CT

County New London

Zoning GC

Rooms

Basement Full

Interior

Heating Hot Water

Cooling None

Exterior

Waterfront Description River

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Masonry

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Anthony Velez • VC Property Group, LLC
Bought with Michael Doherty • eXp Realty

Schools and Properties Nearby

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