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$95,834

NOI

1.98

DSCR

11%

Cap

38%

ROI
NOI
$95,834
DSCR
1.98
Cap
11%
ROI
38%
$850,000
Luxury Apartment Building

214 Broadway, Norwich, CT

6 Units . $141,667/unit

$850,000

Anthony Velez

VC Property Group

REB.0795536
Email
Call

Est. $5,489 /mo

Get Pre-Approved
Description Income Loan Terms

$88,034

NOI

1.82

DSCR

10%

Cap

19%

ROI
% Proforma : % Proforma
94%
 Parking
Off 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.
70%
 Trash
City Pick-up
Sqft
6000 sqft
 Utility Split
Tenant Paid
Lot Size
11000 acres
 Sprinklers
No
Highlights
  • Luxury Apartment Units
  • Designer Finishes & In-Unit Laundry
  • Off Street Parking and Tenant Paid Utilities
  • Virtual Tour
  • https://my.matterport.com/show/?m=uiw8kwKrAiP&mls=1

What a gem, and in one of the most highly desired neighborhoods in New London County. This 6 unit apartment building has been beautifully renovated with finishes that rival many luxury single families. Property features off-street parking, in-unit laundry, tenant paid utilities and designer finishes. There's an in-place 19% ROI, which is unheard of for such a beautifully renovated asset, so don't miss out.

Property Snapshot
94% Proforma
Property Type
Multifamily
Building(s)
1
Sqft
6000 sqft
Parcel(s)
1
Lot Size
11000 acres
Year Built
1900
Property Description

What a gem, and in one of the most highly desired neighborhoods in New London County. This 6 unit apartment building has been beautifully renovated with finishes that rival many luxury single families. Property features off-street parking, in-unit laundry, tenant paid utilities and designer finishes. There's an in-place 19% ROI, which is unheard of for such a beautifully renovated asset, so don't miss out.

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
$600
Site Amenities
Parking
Off Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
2 Bed, 1 Bath
$2,000
2 Bed, 1 Bath
$1,750
1 Bed, 1 Bath
$1,750
1 Bed, 1 Bath
$1,650
1 Bed, 1 Bath
$1,500
1 Bed, 1 Bath
$1,400
Monthly
$10,050
$10,700
Annual
$120,600
$128,400
Operating Expenses
Annualized
Property Taxes
$10,311
Insurance
$7,200
HOA
$0
Electric
$600
Heating
$0
Water / Sewer
$3,600
Trash
$1
Vacancy
$3,618
Maintenance
$3,618
Management
$3,618
Others
$0
Total Expenses
$32,566
$32,566
Loan Terms
Scenario Builder
Sale Price
$850,000
Loan Term
30
Rate
6.5%
LTV
75%
P&I
$4,029
$4,029
Request loan quote from VC Property Group.
Anthony Velez
Anthony Velez
VC Property Group

Anthony Velez


VC Property Group

REB.0795536
Email
Call