This listing was posted on Americanlisted.
Two Commercial Apartment Buildings
BR/BA:
3 BR
Location:
Norwich, CT
Description:
NW0715201308157/17/2013 This is an opportunity to be the first to bid on this unique property in Norwich CT. It MUST be sold as a complete package. This package features two strategically located properties in a high traffic area. There has an appraised value to $500K. All investors must have a fee agreement on file and a current POF (no later than 30 days) that supports their cash offer. The package includes: 1.) Commercial parcel currently rented for $1000 per month2.) Commercial parcel currently rented for $1100 per month3.) 2 bedroom apartment currently rented for $900 per month4.) 1 bedroom apartment currently vacant -- projected rent $775 per month -- fully remodeled5.) 1 bedroom apartment currently vacant -- projected rent $775 per month -- fully remodeled6.) 3 bedroom apartment currently vacant -- projected rent $1500 per month -- needs to be gutted7.) 2 bedroom apartment currently vacant -- projected rent $1000 per month -- needs to be gutted8.) 8 room apartment could be sued as 2 - 4 room units -- projected rent $775 per month each -- needs work Projected gross rent $8600 per month or $103,200 annually. Projected Net Operating Income $70,505 annually (to be verified and confirmed). Projected return on cash (assuming $500K purchase) 14.1%. For more information call Steve at 860-301-XXXX For other opportunities go to www.pimllc.org
Property Type:
Single-Family Houses
Posted:
May 1 on Americanlisted
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More About this Listing: Two Commercial Apartment Buildings
Two Commercial Apartment Buildings is a Three Bedroom Single-Family Homes for Sale in Norwich CT. Find other listings like Two Commercial Apartment Buildings by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in Norwich CT.
Two Commercial Apartment Buildings is a Three Bedroom Single-Family Homes for Sale in Norwich CT. Find other listings like Two Commercial Apartment Buildings by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in Norwich CT.