6.3% Turnkey Investment With Strong Tenants | 108 Henry St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6.3% Turnkey Investment With Strong Tenants 108 Henry St
1 Unit Apartment Building $975,000 ($975,000/Unit) 6.29% Cap Rate Greenwich, CT 06830
Investment Highlights
- Easy Access to Train and NYC
- Extremely Low Real Estate Taxes
- Fully Fenced
- Beach Close By
- Home Office/Studio Flex Space
- Extra Parking
Executive Summary
Turnkey investment with strong tenants paying $5,800/m (Cap Rate 6.3%). Rare return for 2024 reno’d Greenwich home. Still upside as a single family home in multi family zone. Ability to add a 2nd unit and 1,723 more square feet. A short distance to NYC, a Mediterranean retreat in Brooklyn-like area. Interior design by Fofie and Mia’s, checkerboard front terrace and bold touches throughout. Living room flows to a dining room adjacent deck with lounge seating. Seconds away a pristine kitchen and half bath. On 2nd level; gorgeous full bath, main bedroom with east morning sun, other bedroom overlooking west sunsets. Lower level with versatile finished space, laundry, half bath, glass paneled garage to fenced yard and firepit. Easy access to train, beach, and Byram/Port Chester amenities.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$69,600
|
$40.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,600
|
$40.28
|
| Taxes |
$4,452
|
$2.58
|
| Operating Expenses |
$3,960
|
$2.29
|
| Total Expenses |
$8,412
|
$4.87
|
| Net Operating Income |
$61,188
|
$35.41
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $40.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $40.28 |
| Taxes | |
|---|---|
| Annual | $4,452 |
| Annual Per SF | $2.58 |
| Operating Expenses | |
|---|---|
| Annual | $3,960 |
| Annual Per SF | $2.29 |
| Total Expenses | |
|---|---|
| Annual | $8,412 |
| Annual Per SF | $4.87 |
| Net Operating Income | |
|---|---|
| Annual | $61,188 |
| Annual Per SF | $35.41 |
Property Facts
| Price | $975,000 | Apartment Style | Single Family Home |
| Price Per Unit | $975,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 1,152 SF |
| Cap Rate | 6.29% | Average Occupancy | 100% |
| No. Units | 1 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1934/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.47/1,000 SF |
| Price | $975,000 |
| Price Per Unit | $975,000 |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Lot Size | 0.12 AC |
| Building Size | 1,152 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1934/2024 |
| Parking Ratio | 3.47/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Eat-in Kitchen
- Range
- Attic
- Basement
- Breakfast Nook
- Deck
- Dining Room
- Lawn
1 of 1
Walk Score ®
Very Walkable (84)
zoning
| Zoning Code | R-6 (Greenwich Multifamily Zoning Max 2,875 finished square feet Can add 1 Unit and 1,722 finishes square feet) |
| R-6 (Greenwich Multifamily Zoning Max 2,875 finished square feet Can add 1 Unit and 1,722 finishes square feet) |
-
Mike Parelli -
Mike Parelli Real Estate LLC
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
6.3% Turnkey Investment With Strong Tenants | 108 Henry St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.