Description
Calling all investors! Perfect opportunity to own a fully renovated 7-unit property in Vernon with a remarkable 8.5% CAP rate! All you need to do is take over collecting your income! This centrally located building offers diverse unit sizes from 1 to 3 bedrooms, with Units 1-2 featuring 1 full bath and 1 bedroom each, Units 3-6 with 3 bedrooms and 1 full bath, and Unit 7 boasting 3 bedrooms, a bonus room and 1.5 baths. The property underwent significant renovation, including new electrical systems and tankless heaters installed in April 2021. Separate utilities are paid by the tenants, and a phone app operated laundry system in the deluxe laundry room provides additional income. The building includes 9 off-street parking spots and passed fire code inspection. This turn-key property is conveniently located blocks from downtown Rockville, close to Talcott Park, Vernon Rails-to-Trails, and various dining and recreation options. Easy access to I-84, the Shops at Buckland Hills, and Shenipsit Lake enhances its appeal. Units feature remodeled eat-in kitchens with stainless steel appliances, hardwood cabinetry, ample storage, and recessed lighting. Energy efficiency is ensured with newer windows and gas utilities, new roof, gutters, while safety is enhanced with hardwired smoke detectors and upgraded electricals. Professionally managed and landscaped. Secure pin-code entry on all exterior doors and allocated off-street parking add to the convenience and safety.
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17BEDS
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0.37ACRES
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9BATHS
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01/2 BATHS
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5,928SQFT
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$160$/SQFT
School Information
Description
Calling all investors! Perfect opportunity to own a fully renovated 7-unit property in Vernon with a remarkable 8.5% CAP rate! All you need to do is take over collecting your income! This centrally located building offers diverse unit sizes from 1 to 3 bedrooms, with Units 1-2 featuring 1 full bath and 1 bedroom each, Units 3-6 with 3 bedrooms and 1 full bath, and Unit 7 boasting 3 bedrooms, a bonus room and 1.5 baths. The property underwent significant renovation, including new electrical systems and tankless heaters installed in April 2021. Separate utilities are paid by the tenants, and a phone app operated laundry system in the deluxe laundry room provides additional income. The building includes 9 off-street parking spots and passed fire code inspection. This turn-key property is conveniently located blocks from downtown Rockville, close to Talcott Park, Vernon Rails-to-Trails, and various dining and recreation options. Easy access to I-84, the Shops at Buckland Hills, and Shenipsit Lake enhances its appeal. Units feature remodeled eat-in kitchens with stainless steel appliances, hardwood cabinetry, ample storage, and recessed lighting. Energy efficiency is ensured with newer windows and gas utilities, new roof, gutters, while safety is enhanced with hardwired smoke detectors and upgraded electricals. Professionally managed and landscaped. Secure pin-code entry on all exterior doors and allocated off-street parking add to the convenience and safety.
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