|
$46,521 NOI |
$15,416 NCF |
1.5 DSCR |
10% Cap |
13% ROI |
Fully Stabilized Asset Near Downtown
102 Boswell Avenue, Norwich, CT
5 Units . $97,800/unit
$489,000
Description
Income
Expenses
Highlights
|
$46,521 NOI |
$15,416 NCF |
1.5 DSCR |
10% Cap |
13% ROI |
| % Proforma : % Proforma :
92%
|
Parking :
On Street
|
| Property Type : Type :
Multifamily
|
Heating :
Natural Gas
|
| Buildings :
1
|
Hot Water :
Natural Gas
|
| Parcel(s) :
1
|
Sewer :
Public
|
| Year Built :
1900
|
Water :
Public
|
| Occupancy : Occ. :
100%
|
Trash :
City Pick-up
|
| Sqft:
4500 sqft
|
Utility Split :
Owner Paid
|
| Lot Size :
11000 acres
|
Sprinklers :
No
|
- Fully Stabilized at Near Proforma Rents
Great investment opportunity to acquire a fully occupied 5 unit multifamily in one of CT’s highest yield multifamily markets. Property yields a 9% ROI at entry, with a 14% ROI proforma. The average rent in place is $1,264. The VC Property Group Capital Markets team can also broker the applicable financing.
