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$257,873

NOI

2.23

DSCR

13%

Cap

45%

ROI
NOI
$257,873
DSCR
2.23
Cap
13%
ROI
45%
$1,995,000
Stabilized 19 Unit Norwich Portfolio

15 Platt Ave, Norwich, CT

Portfolio. $1,995,000 psf

$1,995,000

Anthony Velez

VC Property Group

REB.0795536
Email
Call

Est. $14,035 /mo

Get Pre-Approved
Description Income Loan Terms

$206,225

NOI

1.78

DSCR

10%

Cap

18%

ROI
% Proforma : % Proforma
85%
 Parking
On Street
Property Type Type
Portfolio
 Heating
Natural Gas
Buildings
1
 Hot Water
Natural Gas
Parcel(s)
Sewer
Public
Year Built
1900
 Water
Public
Occupancy Occ.
1%
 Trash
City Pick-up
Sqft
1 sqft
 Utility Split
Tenant Paid
Lot Size
1 acres
 Sprinklers
No
Highlights
  • Turn Key Assets rented at 85% Proforma
  • 21% ROI

This is a fully stabilized 21 unit portfolio with an in-place ROI of 11%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have 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.

Product Description

This is a fully stabilized 21 unit portfolio with an in-place ROI of 11%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have 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.
Property Snapshot
85% Proforma
Property Type
Portfolio
Building(s)
1
Sqft
1 sqft
Parcel(s)
Lot Size
1 acres
Year Built
1900
Property Description

This is a fully stabilized 21 unit portfolio with an in-place ROI of 11%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have 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.

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
$3600
Site Amenities
Parking
On Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
2 Bed, 1 Bath
$1,205
2 Bed, 1 Bath
$1,256
2 Bed, 1 Bath
$1,200
2 Bed, 1 Bath
$1,200
2 Bed, 1 Bath
$1,295
2 Bed, 1 Bath
$1,200
2 Bed, 1 Bath
$1,300
2 Bed, 1 Bath
$1,300
2 Bed, 1 Bath
$1,300
2 Bed, 1 Bath
$1,395
2 Bed, 1 Bath
$1,250
2 Bed, 1 Bath
$750
2 Bed, 1 Bath
$1,150
2 Bed, 1 Bath
$1,330
2 Bed, 1 Bath
$1,650
2 Bed, 1 Bath
$1,395
4 Bed, 1 Bath
$1,520
1 Bed, 1 Bath
$1,100
1 Bed, 1 Bath
$1,100
Monthly
$23,896
$28,200
Annual
$286,752
$338,400
Operating Expenses
Annualized
Property Taxes
$33,613
Insurance
$18,900
HOA
$44
Electric
$3,600
Heating
$3,715
Water / Sewer
$12,600
Trash
$55
Vacancy
$2,500
Maintenance
$2,500
Management
$2,500
Others
$500
Total Expenses
$80,527
$80,527
Loan Terms
Scenario Builder
Sale Price
$1,995,000
Loan Term
30
Rate
6.7%
LTV
75%
P&I
$9,655
$9,655
Request loan quote from VC Property Group.
Anthony Velez
Anthony Velez
VC Property Group

Anthony Velez


VC Property Group

REB.0795536
Email
Call