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715 Riverside Dr 6 Unit Apartment Building $1,150,000 ($191,667/Unit) 9% Cap Rate North Grosvenordale, CT 06255
INVESTMENT HIGHLIGHTS
- 27 Total Bedrooms
- Significant rental demand in the area
- Newly Renovated
EXECUTIVE SUMMARY
Huge Fully Renovated 6 Unit Multifamily in desirable North Grosvenordale, CT. Building consists of (3) four-bedroom units and (3) five-bedroom townhouse style units. 27 Total Bedrooms across all 6 units. All units have been completely remodeled. Current gross rents of $147,000+ annually. Improvements include:
All New Windows
New Roof
New Kitchens in all units
New Bathrooms in all units
Newly refinished hardwood floors
New LVP floors in kitchens
New lighting throughout
Vinyl sided with parking in the rear for 15 cars. Rare offering of this size in an area with very limited rental stock and significant demand.
Please call Alex at 518-788-0249 to inquire
All New Windows
New Roof
New Kitchens in all units
New Bathrooms in all units
Newly refinished hardwood floors
New LVP floors in kitchens
New lighting throughout
Vinyl sided with parking in the rear for 15 cars. Rare offering of this size in an area with very limited rental stock and significant demand.
Please call Alex at 518-788-0249 to inquire
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$147,000
|
$21.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,000
|
$21.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$42,500
|
$6.30
|
| Net Operating Income |
$104,500
|
$15.48
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $147,000 |
| Annual Per SF | $21.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,000 |
| Annual Per SF | $21.78 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $42,500 |
| Annual Per SF | $6.30 |
| Net Operating Income | |
|---|---|
| Annual | $104,500 |
| Annual Per SF | $15.48 |
PROPERTY FACTS
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $191,667 | Lot Size | 0.69 AC |
| Sale Type | Investment | Building Size | 6,750 SF |
| Cap Rate | 9% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | E-111 | ||
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 6,750 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2023 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | E-111 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+1 | 3 | - | - |
| 5+1 | 3 | - | - |
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PROPERTY TAXES
| Parcel Number | THOM-000063-000058-000023 | Improvements Assessment | $275,000 (2025) |
| Land Assessment | $25,700 (2025) | Total Assessment | $300,700 (2025) |
PROPERTY TAXES
Parcel Number
THOM-000063-000058-000023
Land Assessment
$25,700 (2025)
Improvements Assessment
$275,000 (2025)
Total Assessment
$300,700 (2025)
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VIDEOS
MATTERPORT 3D EXTERIOR
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Presented by
Alexander Macielak
715 Riverside Dr
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