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26 Homestead Ln 2 Unit Apartment Building $2,400,000 ($1,200,000/Unit) 7% Cap Rate Greenwich, CT 06831
EXECUTIVE SUMMARY
New Construction Luxury Townhome style 2 Family featuring a total of 6 bedrooms, 6 Full Bathrooms, 2 half baths and 3,242 sq ft with rent potential of 15k-16k per month. Built with the best finishes in mind, flexible open floor plan, hardwood floors throughout and dream kitchens featuring custom cabinetry, large panties stainless steel chefs appliances, white oak island with built-in microwave and 2" quartz countertops. The open space flows seamlessly from kitchen, to dining to family room for easy living or entertaining . Absolutely spectacular primary bedroom suites with walk-in closets, oversized windows, and bathroom that will take your breath away featuring 7ft walk in shower, double sink vanity, and heated floors. Additional features include, Hi efficiency hydro tankless boilers, central air, on demand hot water system, WIFI thermostats, and spray foam insulation ensuring energy efficiency throughout. Everything is separately metered for each unit so tenants pay all their own expenses. This is 100% turn key. Units are condomized and can be sold separately.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$55.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,000
|
$55.52
|
| Taxes |
$12,000
|
$3.70
|
| Operating Expenses |
$2,000
|
$0.62
|
| Total Expenses |
$14,000
|
$4.32
|
| Net Operating Income |
$166,000
|
$51.20
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $55.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $55.52 |
| Taxes | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $3.70 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.62 |
| Total Expenses | |
|---|---|
| Annual | $14,000 |
| Annual Per SF | $4.32 |
| Net Operating Income | |
|---|---|
| Annual | $166,000 |
| Annual Per SF | $51.20 |
PROPERTY FACTS
| Price | $2,400,000 | Apartment Style | Townhome |
| Price Per Unit | $1,200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7% | Building Size | 3,242 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | ||
| Zoning | R6 | ||
| Price | $2,400,000 |
| Price Per Unit | $1,200,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,242 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | R6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 1 | $7,500 | 1,621 |
| 3+3.5 | 1 | $7,500 | 1,621 |
1 1
Walk Score®
Very Walkable (74)
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26 Homestead Ln
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