6.5% Cap Turnkey Greenwich Rental 154 Henry St 1 Unit Apartment Building $899,000 ($899,000/Unit) 5.73% Cap Rate Greenwich, CT 06830
INVESTMENT HIGHLIGHTS
- Turnkey Fully Renovated
- Fenced Yard
- Laundry, HVAC, and Garage
- Brooklyn-Like Area of Greenwich
EXECUTIVE SUMMARY
Rare completely renovated single family 3 bed/2 bath home with great parking and garage, central air, and a private yard. Brand new kitchen with adjacent dining and living room. Living room leads out to a private intimate backyard. 3 bedrooms, with a main bedroom with fireplace. Finished lower level features great storage and or bonus living space. Laundry room also in basement. Lower level not included in square footage.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$66,000
|
$60.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,000
|
$60.00
|
| Taxes |
$4,503
|
$4.09
|
| Operating Expenses |
$3,040
|
$2.76
|
| Total Expenses |
$7,543
|
$6.86
|
| Net Operating Income |
$58,457
|
$53.14
|
PROPERTY FACTS
| Price | $899,000 |
| Price Per Unit | $899,000 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 1,100 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1930/2023 |
| Parking Ratio | 3.64/1,000 SF |
| Zoning | R6 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $5,000 | 1,100 |
1 of 1
Walk Score®
Very Walkable (78)
CONTACT
-
Mike Parelli -
Mike Parelli Real Estate LLC
