Description
Multi – Family
61 East St.
Multi Family in rural setting
Local Ownership
Well – Maintained
Sale: $425,000.00
Nick Longo
203-578-0208 neegall@aol.com
PROPERTY OVERVIEW
The property consists of 2-2 bedroom apartments and 3-1 bedroom apartments of wood construction.
Built in 1900, this property has a 100% historic occupancy.
Floor coverings consist of wood flooring, ceramic tile and vinyl.
Kitchen contain wall and base cabinets, refrigerator, electric stove, and basin sink which LL owns.
Off-street parking is included with this property.
OWNER METER consists of:
Well
Furnace
Utility Room
Exterior Lights
Each Tenant pays Electricity
Elec: 400A / Single Phase
PROPERTY DESCRIPTION SUMMARY
Sale Price: $425,000.00
Property Address: 61 East St.
Bethlehem, CT
Number of Stories: 2
Year Built: 1900
Construction Exterior: Wood/Aluminum Siding
Foundation: Concrete Slab
Roof: Asphalt
Windows: Double-Hung/Replacement
Gutters: Aluminum
Floor Covering: Wood / Vinyl / Tile
Walls: Sheet Rock
Ceilings: Sheet Rock
Interior Doors: Wood
Utilities Available: Electric
INTERIOR SUMMARY
Heat: Baseboard Radiant
Heat Paid By: Owner
Fuel: Oil
Distribution: Radiant
Hot Water: Hot Water Storage Tank LL – pays
Hot Water Paid By: Tenant – #4
Air Conditioning: Windows
MULTI FAMILY DETAILS
Cabinets: Wooden
Counter Tops: Laminate
Appliances: Electric Stove
Refrigerator
Full Bath: Combination Tub/Shower
Vanity
SITE DETAILS
Acres: .50
Type of Parking: Off-street
Topography: Level
Shape: Rectangle
Sewer: Septic
Water: Well
OPERATING STATEMENT
INCOME & EXPENSES
Rental Income
(2br.) – $950
(2br.) – $1,000
(1br.) – $900
(1br.) – $675 * – Tenant provides ground maintenance
(1br.) – $825
Total Income $52,200.00
OPERATING EXPENSES
Owner’s Electric $1,834.00
Oil 2,314.00
Real Estate Tax 3,955.00
Insurance 3,100.00
Trash 1,130.00
TOTAL EXPENSES $12,333.00
NET OPERATING INCOME $39,867.00
Cap Rate = 9.38%
Property Documents