VC Property Group LLC
VC Property Group
Listed by VC Property Group LLC, VC Property Group
$1,300,000
Turn Key 6F + 4F
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,000
Units 10
Cap Rate 7.99%
NOI $103,896
Occupancy 100%
Pro-Forma Cap Rate 9.41%
Pro-Forma NOI $122,364
Price per SqFt $163
Class B
Year Built 1900
Stories 3
Acreage 0.100
Zoning NX-2
Parking Spaces 10 spaces
Parking Per SqFt 1.25
Investment Type Stabilized
Ownership Individual
Stabilized six family + four family on one parcel
Marketing description
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 with new mechanicals and in-unit finishes. There are (8) 2 bedrooms and (2) 3 bedrooms with parking for all units. All units are rented well boasting strong in place returns over 10%. Easily take over management and incrementally raise the rents to full market value without the need for Cap Ex updates!
Listing Contacts
VC Property Group LLC
VC Property Group
Listed by VC Property Group LLC, VC Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$103,896.00
$8,658.00/mo
Valuation Metrics
0
DSCR
7.99%
Cap Rate
7.99%
ROI
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