VC Property Group is proud to present 607 Elm Street located in the Dwight neighborhood of New Haven, CT. This property is fully occupied and generates $57,600 in current gross income, providing an in-place NOI of $37,853. Rent increases to $2,000 per (3) bedroom unit will boost performance marking a 7.75% CAP rate proforma. At a 75% LTV entry, these assets facilitate a 1.13 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.
Listed by VC Property Group, LLC, Connor Wenchell. Data sourced from SmartMLS
