121 Lockwood Avenue

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121 Lockwood Avenue

Stamford, CT 06902
Asking Price
$2.00M
Cap Rate
6.5%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 6 Units | 6.50% Current Cap Rate <ul><li>​6 Units (1-three bedroom, 2-two bedrooms, 3-one bedrooms)</li><li>​Just 1.4 miles from Stamford Station with sub-55-minute rail service to NYC</li><li>​Rare 0.34-acre parcel featuring 10 parking spaces and a large tenant backyard</li><li>​Immediate upside via parking fees and converting the walkout basement to storage</li></ul>

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NOI
$80,000
Cap Rate
4.01%
DSCR
0.68
Underwater
Cash-on-Cash
-6.42%
Monthly Payment
$9,870.171
Annual Cash Flow
$-38,442.058

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