Add Value Norwich Portfolio

$94,577 NOI	2.32 DSCR	14% Cap	64% ROI

$655,000

Add Value Norwich Portfolio

37-39 South B Street, Taftville, CT

Portfolio. $143 psf

$655,000

Connor Wenchell

VC Property Group

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Est. $4,908 /mo

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Description Income Loan Terms

$17,417 NOI	0.43 DSCR	3% Cap	-18% ROI

% Proforma : % Proforma 38%	Parking Off Street
Property Type Type Portfolio	Heating Natural Gas
Buildings 2	Hot Water Natural Gas
Parcel(s) 2	Sewer Public
Year Built 1875	Water Public
Occupancy Occ. 42%	Trash City Pick-up
Sqft 4572 sqft	Utility Split Tenant Paid
Lot Size 6 acres	Sprinklers No

Highlights

Add value
Ready to start work
Attractive unit mixes

Two add value multi-families positioned for a successful buy and hold. This package includes (4) units at 18-20 North A Street and (3) units at 37-39 South B Street. The tenants are responsible for their own utilities in all units. Proforma rental projections will increase the annual net operating income to over $80,000. These (2) properties can be packaged with (4) other multifamily properties in Norwich for a total of (21) units.

$17,417 NOI	0.43 DSCR	3% Cap	-18% ROI

Rental Income	Current	Proforma
1	$1,300	$
2		$
3		$
4		$
5	$1,520	$
6	$1,150	$
7		$
Total	$3,970	$10400
Operating Expenses Annualized
Property Taxes	$11,115	$
Insuarance	$7,000	$
HOA	$	$
Electic	$1,000	$
Heating	$	$
Water/Sewer	$4,200	$
Trash	$	$
Vacancy	$2,382	$
Maintenance	$2,263	$
Management	$2,263	$
Other	$	$
Total	$ 30,223	$ 30,223

	Current	Proforma
Sale Price	$655,000	$
Loan Term	30
Rate	6.75%	%
LTV	80	%
P&I	$3,399	$3,399


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VC Property Group

Connor Wenchell

VC Property Group

Call

Connor Wenchell

VC Property Group

Add Value Norwich Portfolio

Product Description

Loan Matcher