Nearby Schools
Per Board Of EdElementary School
Per Board Of EdHigh School
Description
225 Winthrop Avenue located in the Dwight neighborhood of New Haven, CT. This property is fully occupied and generates $50,400 in current gross income, providing an in-place NOI of $26,901. Rent increases to $2,000 per (3) bedroom unit will boost performance marking a 7.38% CAP rate proforma. At a 75% LTV entry, these assets facilitate a 1.06 DSCR. 80% LTV options are available for qualified borrowers. This property features all (3) bedroom units, tenant-paid utilities, public water/sewer, in unit washer/dryer hookups, and a low operating expense profile. This is a stabilized asset providing strong upside with lease up to market rents.
Location
Listed By
Co-Listing Agent
Anthony Velez
VC Property Group, LLC
Similar Listings
MLS# 24159271
Under Contract - Continue
$724,500
16 Beds
5 Baths
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Listing Office: VC Property Group, LLC
