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Not Your Usual Rooming House/13% Cap Rate

Somers, CT (Tolland County)

Not Your Usual Rooming House/13% Cap Rate
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Asking Price: Get Financing: $750,000

Cash Flow: $100,000

Gross Revenue: $130,000



Inventory: N/A

Real Estate: N/A

Established: 2010

Not Your Usual Rooming House/13% Cap Rate

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Business Description

Great opportunity to own an easy to manage rooming house on 1.6 acres in an upscale town. Close to 100% occupancy.13 rooms and 2 apartments Like new roof and completely sprinklered house.. Each room has a bed, refrigera6r and microwave. Common areas with cable TV acces,.6 shared bathrooms. City water and sewer. Common use washers and dryers on premise.. Please fill out a non disclosure agreement on line by going to DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT as to not alarm the present tenants.

Detailed Information

Real Estate:
Included in asking price
Building SF:
5,581 sf muitifamily house. This completely renovated rooming house is in fantastic condition. Present owner has spent over $200k renovation this country like property. Zoning: Mid/High Rise, Special Purpose, Religious.
Reason for Selling:
other business interests
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(from currently available funds)
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Joe Granato

Business Listed By:
Joe Granato

ABC4Restaurants /ABC4Commercial (Investment Properties)

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