$122,496

NOI

1.5

DSCR

9%

Cap

35%

ROI

$1,300,000
Turn Key 6F + 4F

166-168 Affleck Street, Hartford, CT

10 Units . $130,000/unit

$1,300,000

Connor Wenchell

VC Property Group

Est. $9,651 /mo

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Description Income Loan Terms

$100,896

NOI

1.23

DSCR

8%

Cap

6%

ROI

% Proforma : % Proforma
89%
Parking
Off Street
Property Type Type
Multifamily
Heating
Natural Gas
Buildings
2
Hot Water
Natural Gas
Parcel(s)
1
Sewer
Public
Year Built
1899
Water
Public
Occupancy Occ.
100%
Trash
City Pick-up
Sqft
10000 sqft
Utility Split
Tenant Paid
Lot Size
9448 acres
Sprinklers
No
Highlights
  • Gut renovated
  • Class B
  • Strong in-place return on investment

Two turn key apartment buildings on one parcel in the Frog Hollow neighborhood of Hartford. Both the six family and four family apartment buildings were gut renovated in 2013 including updates to the mechanicals and in-unit finishes. There are (8) 2 bedrooms and (2) 3 bedrooms with parking for all units. All units are rented well with anywhere from $0 to $400 in rent loss per unit. Easily take over management and incrementally raise rents to full market value boosting the ROI from 6.8%-12.5%. These projections assume 75% loan to value and 7.5% interest.


Connor Wenchell


VC Property Group