This is a fully stabilized 21 unit portfolio with an in-place ROI of 13%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have a 14% upside. At full market rates, this turn key portfolio yields an impressive 21% ROI and $120k Net Cash Flow after all expenses and debt service. The portfolio consists of (2) four families, (1) 5 unit multifamily, (2) three families and (1) two family property. The properties feature tenant paid utilities and a mix of on and off street parking.
|
DAYS ON MARKET
|
3
|
LAST UPDATED
|
5/3/2025
|
|
YEAR BUILT
|
1890
|
COUNTY
|
New London
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
| AIR |
None |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Aluminum Siding, Frame |
| HEAT |
Baseboard, Natural Gas |
| LOT |
0.29 acre(s) |
| LOT DESCRIPTION |
Level |
| PARKING |
None |
| SEWER |
Public Sewer |
| STYLE |
Units on different Floors |
| TAXES |
5955 |
| WATER |
Public |
| ZONING |
MF |
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Listing courtesy of VC Property Group, LLC
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