Thursday, October 3, 2013

CASH COW MULTI FAMILY-34 Units


88 Brook ST Hartford, CT 

    $865,000





 

Description

Great tenants, renovated in 2009 apartments, low maintenance, super lives on premises, 6 
buildings next to each other, 15 vacant apartments, sold as is, 5 - 6family and 1 - 4family with 
6 garage spaces family friendly park across the street, located near YMCA community center 
in Northend of Hartford, new water splash park across the street from property.

make 300,000 on equity the day of purchase.

Debt Ratio
Income at (75%) $18,187.50
Expenses $10,993.33
Total % 165%
CAP 17.814%
Ideal (NOI*10) 10%
GRM 5.61

  • Price:
    $760,000
  • No. Units:
    34
  • Building Size:
    38,718 SF
  • Price/Unit:
    $22,370.59
  • Property Type:
    Multifamily
  • Property Sub-type:
    Garden/Low-Rise
  • Property Use Type:
    Investment                            

Schedule A Showing