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$94,577

NOI

2.32

DSCR

14%

Cap

64%

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

Get Pre-Approved
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.

Property Snapshot
38% Proforma
Property Type
Portfolio
Building(s)
2
Sqft
4572 sqft
Parcel(s)
2
Lot Size
6 acres
Year Built
1875
Property Description

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.

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
$1000
Site Amenities
Parking
Off Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
$1,300
$0
$0
$0
$1,520
$1,150
$0
Monthly
$3,970
$10,400
Annual
$47,640
$124,800
Operating Expenses
Annualized
Property Taxes
$11,115
Insurance
$7,000
HOA
$0
Electric
$1,000
Heating
$0
Water / Sewer
$4,200
Trash
$0
Vacancy
$2,382
Maintenance
$2,263
Management
$2,263
Others
$0
Total Expenses
$30,223
$30,223
Loan Terms
Scenario Builder
Sale Price
$655,000
Loan Term
30
Rate
6.75%
LTV
80%
P&I
$3,399
$3,399
Request loan quote from VC Property Group.
Connor Wenchell
Connor Wenchell
VC Property Group

Connor Wenchell


VC Property Group

Email
Call