|
$35,992 NOI |
$7,550 NCF |
1.27 DSCR |
8% Cap |
6% ROI |
Large 3 Family Near Town Green
22 Perkins Ave, Norwich, CT
3 Family . $158,333/unit
$475,000
|
$35,992 NOI |
$7,550 NCF |
1.27 DSCR |
8% Cap |
6% ROI |
| % Proforma : % Proforma :
85%
|
Parking :
Off Street
|
| Property Type : Type :
3 Family
|
Heating :
Natural Gas
|
| Buildings :
1
|
Hot Water :
Natural Gas
|
| Parcel(s) :
1
|
Sewer :
Public
|
| Year Built :
1900
|
Water :
Public
|
| Occupancy : Occ. :
70%
|
Trash :
City Pick-up
|
| Sqft:
4300 sqft
|
Utility Split :
Tenant Paid
|
| Lot Size :
50000 acres
|
Sprinklers :
No
|
- Large, Semi-Finished 4th Unit for Added Value
- Huge Parking Lot for Tenants
- Tenant Paid Utilities
Beautiful 3 Family in heart of Norwich's historic district, right across from St. Patrick Cathedral. Property features a stunning, ready to move-in vacant 3 bedroom unit on the first floor. Units have undergone recent renovations to maximize rental income and also has the potential for a 4th unit that is about 80% complete and configured as a large 3 bedroom apartment. The lot also features a large parking lot and 4 car garage, providing opportunity for an additional income source. Great investment opportunity for a primary home owner or investor, with the add value opportunity of adding that 4th unit. Even with the vacant unit the property yields a positive cash flow on DAY 1 and has a mind blowing 27% ROI Proforma. Call today, this won't last long. Photos are of the vacant unit and the unfinished 3rd floor, 3 bedroom unit.
