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100 S Cherry St
Wallingford, CT 98233-2224
Asking Price
Contact for price
Cap Rate
6.25%
Asset Type
Residential Land
Class
Class B
What's Special
DEVELOPMENT OPPORTUNITY in Wallingford <ul><li>Approved 8-30g development site</li><li>Modular construction via Signature Building Systems</li><li>Faster construction timeline</li><li>Lower development costs</li><li>Preliminary city planning completed</li><li>City water & sewer already on site</li><li>Ideal development soil (sand)</li><li>Electric costs roughly 1/6 the cost of surrounding Connecticut towns</li><li>Major operating cost advantage for multifamily developments.</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
