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718 Silas Deane
Wethersfield, CT 06109-3027
Asking Price
$1.50M
Asset Type
Residential Mixed-use
Class
Class B
What's Special
Mixed Use <ul><li>Shovel-ready site fully approved for 18 upscale 2-bedroom apartment units plus 1 commercial unit</li><li>Strategically positioned along the highly traveled Silas Deane Highway corridor</li><li>Rare opportunity to bring modern luxury living to one of Connecticut's most desirable and established communities</li><li>4-story development with residential units ranging from 654-895 sq. ft. (average 715 sq. ft.)</li><li>Each unit equipped with modern appliance packages including range/stov
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179