34 Marshall Street
Newly Renovated, 100% Leased 7 Unit in Downtown Putnam
Marketing description
Turnkey multifamily investment opportunity in the heart of Putnam, CT. This fully leased 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five one-bedroom/one-bath units and two two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024).
Favorable expense structure as all utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. 100% occupied with some room to increase rents in a very high demand / low inventory area.
Investment highlights
$98,000+ Annual Rent Roll
Low Expenses as Tenants pay their own utilities
8.61% Cap Rate
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