Portfolio of 5 buildings with 42 apartments in Connecticut $ 2,000,000 - Hartford, Connecticut Date: 1/23/2019…

Portfolio of 5 Buildings with 42 Apartments in Connecticut
$ 2,000,000 - Hartford, Connecticut

Date: 1 / 23 / 2019

? 42 apartments in Connecticut
?Country
? City
? neighborhood

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Type of transaction
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️ The type of transaction a property that already has a paying tenant - the TurnKey deal
? The property under contract? - No, the property is not yet under contract
? Multi-property property? - Yes

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Transaction data and asset
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? Buyer Price in Dollars: 2000000
? Living Size in Square Fit: Property size in square fit sqft
️ Year of construction: 1915
? Number of units in the property (doors): 42
? Number of bedrooms: 100
? Number of services: 42
⛏ Estimating the price for renovation required in dollars: 100000
️ What renovation date should be completed: 2 / 1 / 2019 0: 00: 00
? Have you done this?
? Link to the Axel Renovation Assessment if there is an assessment:
? Promoter escort fee: 5000
? Estimating closing costs and additional costs in dollars: 100000
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? Total investment (purchase price + renovation price + escort fee + closing costs): 2205000
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? About the area:
The property is located in Hartford. The insurance capital of the United States. The assets are about five minutes drive from major insurance companies. The area is developing with restaurants, a hospital, a university and other employers such as Home Depot etc. The target audience of the apartments are maintenance workers, cleaners, sellers, nurses, students, restaurant workers, etc. who work for large employers and can pay about $ 750 for a two-room + living room. The area is considered at the level of C + or B-.

? About the property:
The property is in 98 occupancy percentage. From 42 apartments, only 3 is empty. The buildings are stone buildings. Some have already undergone renovations from the ground up. The average rent currently is 750 dollars per apartment. The goal is to raise 5-10 within the years to the 900 rents and thus the building value will rise by approximately 1.1 million.

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Expected annual revenues
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? Monthly rental 31500
? Annual rental 378000

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Expected annual expenses
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Provision for unearned property leased: 1000
? Management Company: 1000
? Maintenance: 1000
️ Arnona: 1000
✍️ Insurance: 1000
? Community Payments: 0
? Total annual expenses: 5000

? Net pre-tax annual cash flow:
? Gross Annual Yield: 0
? Net Annual Return: 0

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? Comparative market data
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? Estimated market value of the property after renovation: 2200000
️ Percentage of total investment relative to market price: 1

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? Comparative Market Analysis - First Property:
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? Address: 1 Main st
? Living Size in Square Pitt: undefined sqft
️ Year of construction: undefined
? Number of bedrooms: 60
? Number of services: 30
? Distance from property: 0.5 miles
When did it sell: 43439

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? Sales Comparative Market Analysis - Second Property:
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? Address: 2 Main st
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms:
? Number of services:
? Distance from property: miles
When did it sell:

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? Comparative Market Analysis - Third Property:
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? Address: 2 Main st
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms:
? Number of services:
? Distance from property: miles
When did it sell:

https://www.forumnadlanusa.com/property/%D7%97%D7%9E%D7%99%D7%A9%D7%94-%D7%91%D7%A0%D7%99%D7%99%D7%A0%D7%99%D7%9D-%D7%A2%D7%9D-42-%D7%93%D7%99%D7%A8%D7%95%D7%AA-%D7%9E%D7%95%D7%A9%D7%9B%D7%A8%D7%95%D7%AA/