Riverside Three Family

83 Inchcliffe Drive, Gales Ferry, CT

3 Family • $183,333/unit

Est. $4,003 /mo

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List Price $550,000
NOI
$37,150
DSCR (PITIA)
1.15
Cap
7%
ROI
3%

Est. Monthly

$4,003 /mo

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Schedule a showing

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Upcoming Open House

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Listing Details
$550,000
3 Family
Riverside Three Family

83 Inchcliffe Drive, Gales Ferry, CT

$183,333/unit

$550,000

Listed By
Connor Wenchell

VC Property Group

Est. Monthly

$4,003 /mo

Get Financing

Interested in this property?

Schedule a showing

Request

Upcoming Open House

RSVP
Property Snapshot
93% Proforma
Property Type
3 Family
Building(s)
1
Sqft
2808 sqft
Parcel(s)
1
Lot Size
45302 acres
Year Built
2014
Highlights
  • ADA compliant 1st floor
  • Quaint riverside community
  • Water features!
Property Description

This three family was built in 2014 featuring an ADA compliant 1st floor unit equipped with high end finishes including granite countertops, hardwood flooring, and high efficiency mini splits. The second floor unit is subject to a deed restricted affordable housing program (8-30 G), with a max estimated rent of $1,400; however, all prospective buyers must perform their own due diligence regarding this program. All utilities including heat and hot water are electric powered and tenant paid. Private balconies for each unit overlook the charming pond in the rear of the property which is also walking distance to the Thames River and Erickson Park.

Property Features
Utilities & Systems
Heating
Electic
Hot Water
Electic
Water
Public
Sewer
Public
Trash
City Pick-up
Utility Split
Tenant Paid
Site Amenities
  • Fire Alarm System
Unit Amenities
  • In-Unit Washer/Dryer
  • Balcony/Patio
  • Hardwood Floors
  • Central AC/Heat
  • Sprinkler System
  • Water Views
  • Scenic Views
Disclaimers
Buyer Due Diligence

Listing last updated on October 20, 2026. Buyers should independently verify all property and financial information. Financial metrics are calculated using industry best practices but rely on listing broker inputs and assumptions. Actual results may vary.

Income
Current vs Proforma
1 Bed, 1 Bath
$1,750
1 Bed, 1 Bath
$1,200
1 Bed, 1 Bath
$1,500
Monthly
$4,450
$4,800
Annual
$53,400
$57,600
Operating Expenses
Annualized
Property Taxes
$11,104
Insurance
$4,000
HOA
$0
Electric
$1,000
Heating
$0
Water / Sewer
$2,000
Trash
$0
Vacancy - Residential
$0
$0
Maintenance
$0
$0
Management
$0
$0
Others
$450
Total Expenses
$18,554
$20,450
Leasing Information
Unit
Lease Status
1st
Leased
2nd
Leased
3rd
Leased
Loan Terms
Scenario Builder
Sale Price
$550,000
Loan Term
30 years
Rate
7%
LTV
75%
P&I
$2,744
$2,744
Annualized
$32,932
$32,932
Net Cash Flow
$1,914
$4,218
DSCR at Entry (PITIA)
1.15
Request loan quote from VC Property Group.

Connor Wenchell

VC Property Group

Connor Wenchell
Connor Wenchell
VC Property Group

Connor Wenchell


VC Property Group