$1,037,500
$1,100,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
8 Baths
8,085 SqFt
SOLD DATE : 05/15/2024
Key Details
Sold Price $1,037,500
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,085 sqft
Price per Sqft $128
MLS Listing ID 24003188
Sold Date 05/15/24
Bedrooms 15
Full Baths 8
Year Built 1920
Annual Tax Amount $9,953
Lot Size 9,583 Sqft
Property Description
Presenting this turnkey 8 unit income producing asset located in beautiful Putnam, CT. The property features two separate buildings one housing 6 units and the other 2 units along with an assigned parking lot. The unit breakdown is as follows; 2 - three bed/one bath units, 3 - two bed/one bath unit and 3 - one bed/one bath units. The building has been well maintained and managed with a two new roofs in 22', new decks/staircases and updated/well maintained mechanicals. CapEx has been addressed. Both structure and units are in great condition with 6 of 8 being fully renovated. 213-215 Providence St presents an extremely strong rent roll at purchase. Current NOI is nearly $93,000 at a cap rate of 8.37%. With rental increases pro forma NOI will be $113,000 at a cap rate of 10.3%.
Location
State CT
County Windham
Zoning R-7
Rooms
Basement Full
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Parking Features None, Paved, Parking Lot, Off Street Parking
Roof Type Asphalt Shingle
Building
Lot Description City Views, Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Benjamin Carbone • Byrnes Real Estate Company
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "