4 Building, 29 Unit Portfolio

Vernon/Rockville, CT

Sale Price:

$1,850,000

48-50 Prospect St
48-50 Prospect St

48-50 Prospect St

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48-50 Prospect St
48-50 Prospect St

48-50 Prospect St

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57 Talcott Ave
57 Talcott Ave

57 Talcott Ave

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48-50 Prospect St
48-50 Prospect St

48-50 Prospect St

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1/7

price

$1,850,000

square feet

21,142

cap rate

9.85%

occupancy

100%

units

29

buildings

4

noi

$182,175

built

1900-1939

description:

Sky Realty Group is pleased to present a 100% occupied apartment complex portfolio consisting of 4 Buildings with 29 Units within 1 Mile of each other in Vernon/Rockville.

Listed at $63,793 Per Unit

Actual – 9.85% CAP | 22.2% ROI

Total Unit Mix: (19) 1 Bed | (7) 2 Beds | (3) 3 Beds.


This portfolio has many Mechanical Updates and Renovations with Gas Heating and Central Boilers. 100% Occupied with Stable Tenants and additional 6 Garage Spaces & Income. Located in a Quiet, Residential Neighborhood. Each Building has Value Add Potential and Rent Upside. Attractive Financing Available.


48-50 Prospect St is a Brick Building with Aluminum Siding consisting of 14 one bedroom units. 100% Occupied with approximately 50% Section 8 tenants. The Gas Boiler was Replaced 5 Years Prior and There is a New Stainless Steel Chimney & New Stack Pipe. The Roof Has Been Partially Updated , and There Are Replacement Windows Throughout. This Building Has a Basement Sprinkler System, Fire Doors & Updated Electrical. There is Laundry On-Site With Durable Commercial Washers. There are 14 Off-Street Parking Spaces.


40 Prospect St is a 6 Unit Building Consisting of- (2) 1 Bed | 1 Bath, (3) 2 Beds | 1 Bath, (1) 3 Beds | 1 Bath. It's 100% Occupied! Various Updates Installed Including- Basement Sprinkler System, Fire Doors & New Central Water Heater for 5 Units. Laundry On-Site with Additional Laundry Income.


27 Cottage is a 4 Unit Building Consisting of- (2) 1 Bed | 1 Bath, (1) 2 Beds | 1 Bath, (1) 3 Beds | 1 Bath. It's 100% Occupied!  Boilers & 2 Newer HW Tanks. Laundry is On-Site and There is Additional Laundry Income. 2 Off-Street Parking Spots as well as 5 Garage Spots with Additional Garage Income.


57 Talcott Ave is a 5 Unit Building Consisting of- (1) 1 Bed | 1 Bath, (3) 2 Beds | 1 Bath, (1) 3 Beds | 1 Bath. 100% Occupied! Various Updates Include- 4 Newer Boilers & New Roofs in 2 Sections. Laundry is On-Site with Additional Laundry Income. Parking- 1 Garage Spot with Additional Garage Income.


Don't Miss the Opportunity to Call on this Stable Investment with a Strong Cash Flow. Contact us for Financials.

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