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$ 2,295,000
Est. payment | /mo
10 Beds
5 Baths
2,453 SqFt
$ 2,295,000
Est. payment | /mo
10 Beds
5 Baths
2,453 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 2,453 sqft
Price per Sqft $935
MLS Listing ID 24093110
Style Units on different Floors
Bedrooms 10
Full Baths 5
Year Built 1890
Annual Tax Amount $5,955
Lot Size 0.290 Acres
Property Sub-Type 5 Family+
Property Description
This is a fully stabilized 21 unit portfolio with an in-place ROI of 13%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have a 14% upside. At full market rates, this turn key portfolio yields an impressive 21% ROI and $120k 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. The properties feature tenant paid utilities and a mix of on and off street parking.
Location
State CT
County New London
Zoning MF
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
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
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Andrei Balaj
Real Estate Agent