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.