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 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.
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DAYS ON MARKET
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1
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LAST UPDATED
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6/29/2026
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|
YEAR BUILT
|
1953
|
COUNTY
|
New London
|
|
STATUS
|
Active
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PROPERTY TYPE(S)
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Multi Family
|
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
| AIR |
None |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Clapboard, Frame |
| HEAT |
Electric, Hot Water |
| LOT |
6970 sq ft |
| LOT DESCRIPTION |
Level, Waterfront |
| SEWER |
Public Sewer |
| STYLE |
Units on different Floors |
| TAXES |
7090 |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
River Front |
| ZONING |
GC |
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Listing courtesy of VC Property Group, LLC
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.
This IDX solution is (c) Diverse Solutions 2026.
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