|
$-20,284 NOI |
$-74,848 NCF |
-0.37 DSCR |
-7% Cap |
-100% ROI |
Add Value 4 Unit with Commercial Vacancy
Middletown, CT
Mixed Use. $96 psf
$299,000
Description
Income
Expenses
Highlights
|
$-20,284 NOI |
$-74,848 NCF |
-0.37 DSCR |
-7% Cap |
-100% ROI |
| % Proforma : % Proforma :
10%
|
Parking :
On Street
|
| Property Type : Type :
Mixed Use
|
Heating :
Natural Gas
|
| Buildings :
1
|
Hot Water :
Natural Gas
|
| Parcel(s) :
1
|
Sewer :
Public
|
| Year Built :
1900
|
Water :
Public
|
| Occupancy : Occ. :
25%
|
Trash :
City Pick-up
|
| Sqft:
3110 sqft
|
Utility Split :
Tenant Paid
|
| Lot Size :
6534 acres
|
Sprinklers :
Yes
|
- Commercial vacancy
- Existing restaurant layout
- Mostly vacant / Ready to begin work
This four unit brick building sits on a corner lot within very close proximity to downtown Middletown. A vacant commercial space on the ground level provides a potential owner occupant with tremendous opportunity. Three residential units fill the upper two floors including a one bedroom, two bedroom, and three bedroom apartment. The commercial space was once a bar/restaurant and consists of a bar area, main dining room, kitchen, and half bathroom. The units will be conveyed mostly vacant allowing a buyer to start renovations immediately. We project an ARV of $480,000.
