1 Colonial Drive, Rocky Hill, CT, 06067 - Available for Sale

Multifamily For Sale

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Parsons Village & Ferry Landing

1 Colonial Drive, Rocky Hill, CT 06067

$299,000

5 Units | Multifamily

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Multifamily Property For Sale

Price:
$299,000
No. Units:
5
Building Size:
3,198 SF
Price/Unit:
$59,800
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
8.10%
Occupancy:
100%
Listing ID
17909854
Last Updated
48 days ago

Find Out More...

Highlights

  • Rarely Available Rocky Hill Income Property.
  • Five Condominium Units Always Rented
  • Rents Well Below Market. Opportunity To Increase Income.
  • 9.6 Cap Rate at Market Rents
  • Well Maintained, Desirable Communities.

Description

Rarely available five condo package in Rocky Hill CT. Superb location. Always rented, all long term tenants. Rents are currently well below market with month to month leases and will give new owner tremendous upside on income. A 9.6 cap rate at market rents. Three 1 bedroom units and one studio in Parsons Village and one 1 bedroom unit in Ferry Landing. Both communities are very well maintained and ideally located.

Rocky Hill, CT

Financial Summary

Unit Mix Information

  • Actual
  • 2014
  • $47,340
  • $47,340
  • $23,114
  • $24,226
  • $24,226

Map of 1 Colonial Drive, Rocky Hill, CT 06067 (Hartford County)

Research for 1 Colonial Drive, Rocky Hill, CT 06067 (Hartford County)

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Parsons Village & Ferry Landing
  • Multifamily
  • $299,000
  • 5 Units
  • 3,198 SF