|
$63,821 NOI |
$-96,391 NCF |
0.4 DSCR |
7% Cap |
-43% ROI |
7 Units on 2 Contiguous Parcels
Torrington, CT
Portfolio. $143 psf
$899,000
Description
Income
Expenses
Highlights
|
$63,821 NOI |
$-96,391 NCF |
0.4 DSCR |
7% Cap |
-43% ROI |
| % Proforma : % Proforma :
89%
|
Parking :
Off Street
|
| Property Type : Type :
Portfolio
|
Heating :
Natural Gas
|
| Buildings :
3
|
Hot Water :
Natural Gas
|
| Parcel(s) :
2
|
Sewer :
Public
|
| Year Built :
1900
|
Water :
Public
|
| Occupancy : Occ. :
100%
|
Trash :
City Pick-up
|
| Sqft:
6273 sqft
|
Utility Split :
T/O Paid
|
| Lot Size :
20037 acres
|
Sprinklers :
No
|
- Contiguous parcels
- Central parking
- Separate covered garage
- Some high end finishes
This compound consists of three properties on two contiguous parcels including a single family, two family, and a four family. All properties are fully occupied and bankable at entry assuming an $899,000 purchase price, 70% LTV, 25 year amortization, and an interest rate of 7%. A few property highlights include ease of management, attractive unit mixes, and ample parking that exceeds the desired 1:1 ratio. All three structures must be sold as a package, but can be separated into two separate loans depending on operator preference.
