213-215 Providence Street Putnam, CT 06260
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Presenting this turnkey 8 unit income producing asset located in beautiful Putnam, CT. The property features two separate buildings one housing 6 units and the other 2 units along with an assigned parking lot. The unit breakdown is as follows; 2 - three bed/one bath units, 3 - two bed/one bath unit and 3 - one bed/one bath units. The building has been well maintained and managed with a two new roofs in 22', new decks/staircases and updated/well maintained mechanicals. CapEx has been addressed. Both structure and units are in great condition with 6 of 8 being fully renovated. 213-215 Providence St presents an extremely strong rent roll at purchase. Current NOI is nearly $93, 000 at a cap rate of 8.37%. With rental increases pro forma NOI will be $113, 000 at a cap rate of 10.3%.
| a month ago | Listing updated with changes from the MLS® | |
| a month ago | Status changed to Active Under Contract | |
| 2 months ago | Listing first seen online |
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