Stabilized 19 Unit Norwich Portfolio

$257,873 NOI	2.23 DSCR	13% Cap	45% ROI

$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

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Est. $14,035 /mo

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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.

$206,225 NOI	1.78 DSCR	10% Cap	18% ROI

Rental Income	Current	Proforma
1 2 Bed, 1 Bath	$1,205	$
2 2 Bed, 1 Bath	$1,256	$
3 2 Bed, 1 Bath	$1,200	$
4 2 Bed, 1 Bath	$1,200	$
5 2 Bed, 1 Bath	$1,295	$
6 2 Bed, 1 Bath	$1,200	$
7 2 Bed, 1 Bath	$1,300	$
8 2 Bed, 1 Bath	$1,300	$
9 2 Bed, 1 Bath	$1,300	$
10 2 Bed, 1 Bath	$1,395	$
11 2 Bed, 1 Bath	$1,250	$
12 2 Bed, 1 Bath	$750	$
13 2 Bed, 1 Bath	$1,150	$
14 2 Bed, 1 Bath	$1,330	$
15 2 Bed, 1 Bath	$1,650	$
16 2 Bed, 1 Bath	$1,395	$
17 4 Bed, 1 Bath	$1,520	$
18 1 Bed, 1 Bath	$1,100	$
19 1 Bed, 1 Bath	$1,100	$
Total	$23,896	$28200
Operating Expenses Annualized
Property Taxes	$33,613	$
Insuarance	$18,900	$
HOA	$44	$
Electic	$3,600	$
Heating	$3,715	$
Water/Sewer	$12,600	$
Trash	$55	$
Vacancy	$2,500	$
Maintenance	$2,500	$
Management	$2,500	$
Other	$500	$
Total	$ 80,527	$ 80,527

	Current	Proforma
Sale Price	$1,995,000	$
Loan Term	30
Rate	6.7%	%
LTV	75	%
P&I	$9,655	$9,655


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VC Property Group

Anthony Velez

VC Property Group

REB.0795536

Call

Anthony Velez

VC Property Group

Stabilized 19 Unit Norwich Portfolio

Product Description