3 20

$80,399

NOI

1.82

DSCR

10%

Cap

29%

ROI

NOI
$80,399
DSCR
1.82
Cap
10%
ROI
29%
$775,000
Luxury 4 Family Near Downtowm

87-89 Broad St, Norwich, CT

4 Family . $193,750/unit

$775,000

Anthony Velez

VC Property Group

REB.0795536

Est. $5,174 /mo

Get Pre-Approved
Description Income Loan Terms

$77,999

NOI

1.77

DSCR

10%

Cap

18%

ROI

% Proforma : % Proforma
98%
Parking
Off Street
Property Type Type
4 Family
Heating
Natural Gas
Buildings
1
Hot Water
Natural Gas
Parcel(s)
1
Sewer
Public
Year Built
1935
Water
Public
Occupancy Occ.
100%
Trash
City Pick-up
Sqft
4099 sqft
Utility Split
Tenant Paid
Lot Size
1 acres
Sprinklers
No
Highlights
  • Separate, Tenant Paid Utilities

Welcome to one of the most beautifully finished multifamily properties on the market - located in one of Connecticut's most desirable multifamily neighborhoods. This fully remodeled 4-family property features high-end designer finishes across all four units, making it truly stand out from the competition. Each residence is equipped with custom-built kitchen cabinetry, granite countertops, in-unit washer/dryers, dishwashers, and central air. All utilities are tenant paid, and the property features a large parking lot at the rear of the house with ample parking for all tenants. With market rents over $2,000 for such quality units in this neighborhood, the return would be north of 16%. This property offers a rare turn-key opportunity in a high-demand market. Don't miss your chance - call today.

Product Description

Welcome to one of the most beautifully finished multifamily properties on the market - located in one of Connecticut's most desirable multifamily neighborhoods. This fully remodeled 4-family property features high-end designer finishes across all four units, making it truly stand out from the competition. Each residence is equipped with custom-built kitchen cabinetry, granite countertops, in-unit washer/dryers, dishwashers, and central air. All utilities are tenant paid, and the property features a large parking lot at the rear of the house with ample parking for all tenants. With market rents over $2,000 for such quality units in this neighborhood, the return would be north of 16%. This property offers a rare turn-key opportunity in a high-demand market. Don't miss your chance - call today.
Property Snapshot
98% Proforma
Property Type
4 Family
Building(s)
1
Sqft
4099 sqft
Parcel(s)
1
Lot Size
1 acres
Year Built
1935
Property Description

Welcome to one of the most beautifully finished multifamily properties on the market - located in one of Connecticut's most desirable multifamily neighborhoods. This fully remodeled 4-family property features high-end designer finishes across all four units, making it truly stand out from the competition. Each residence is equipped with custom-built kitchen cabinetry, granite countertops, in-unit washer/dryers, dishwashers, and central air. All utilities are tenant paid, and the property features a large parking lot at the rear of the house with ample parking for all tenants. With market rents over $2,000 for such quality units in this neighborhood, the return would be north of 16%. This property offers a rare turn-key opportunity in a high-demand market. Don't miss your chance - call today.

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
Site Amenities
Parking
Off Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
2 Bed, 1.5 Bath
$2,100
2 Bed, 1.5 Bath
$2,100
2 Bed, 1 Bath
$2,000
2 Bed, 1 Bath
$2,000
Monthly
$8,200
$8,400
Annual
$98,400
$100,800
Operating Expenses
Annualized
Property Taxes
$13,201
Insurance
$4,800
HOA
$0
Electric
$0
Heating
$0
Water / Sewer
$2,400
Trash
$0
Vacancy
$0
Maintenance
$0
Management
$0
Others
$0
Total Expenses
$20,401
$20,401
Loan Terms
Scenario Builder
Sale Price
$775,000
Loan Term
30
Rate
6.5%
LTV
75%
P&I
$3,674
$3,674
Request loan quote from VC Property Group.
Anthony Velez
Anthony Velez
VC Property Group

Anthony Velez


VC Property Group

REB.0795536