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77 E Main St 13 Unit Apartment Building $1,625,000 ($125,000/Unit) 6.43% Cap Rate Plainville, CT 06062
INVESTMENT HIGHLIGHTS
- Location Advantage: Prime Main Street visibility in Plainville, near restaurants, retail, and transit
- Simple, Low-Maintenance Asset
- Strong In-Place Cash Flow with Additional Upside
EXECUTIVE SUMMARY
Rare opportunity to acquire a fully occupied 13-unit mixed-use asset in the heart of Plainville, CT. The property consists of 12 studio apartments and one ground-level commercial unit with direct Main Street frontage. Strong in-place cashflow with immediate upside through rental increases — current studio rents average $1,128/month with market comps supporting $1,300+.
Ideal for investors seeking turnkey income with long-term appreciation in a walkable, Main Street corridor location. Zoned for mixed use, professionally managed, and positioned for both steady yield and future value-add repositioning.
Ideal for investors seeking turnkey income with long-term appreciation in a walkable, Main Street corridor location. Zoned for mixed use, professionally managed, and positioned for both steady yield and future value-add repositioning.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,625,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 10,902 SF |
| Cap Rate | 6.43% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 3.25/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CC | ||
| Price | $1,625,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 10,902 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 3.25/1,000 SF |
| Zoning | CC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Smoke Free
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 600 |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | PLAI-000024-O000000-000007 | Total Assessment | $616,350 |
| Land Assessment | $193,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $423,150 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
PLAI-000024-O000000-000007
Land Assessment
$193,200
Improvements Assessment
$423,150
Total Assessment
$616,350
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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77 E Main St
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