225 Winthrop Avenue located in the Dwight neighborhood of New Haven, CT.
| Website: | https://www.nestseekers.com/5434489 |
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| Address: | 225 Winthrop New Haven, CT 06511 |
| Ownership: | Multi-Family |
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| Type: | Multi-Family |
| Bedrooms: | 9 BR |
| Bathrooms: | 3 |
| Area: | 3886 sq ft |
Financials
Price:$600,000
Annual Taxes:$8,638
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.
Amenities
- Elementary School - Per Board of Ed
- High School - Per Board of Ed
- Intermediate School -
- Window Unit
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Connor Wenchell of VC Property Group, LLC | |
