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All Forum Posts by: Phillip Tutino

Phillip Tutino has started 3 posts and replied 12 times.

Post: Nice Cash Flowing SFR; Above 8% Cap Rate; Priced below Appraisal

Phillip TutinoPosted
  • Real Estate Investor
  • Fort Myers, FL
  • Posts 13
  • Votes 7

Hi All,

I have a solid SFR in East Haven, CT that's been rented for over two years and my tenant is moving 3/1/17 to buy a home. I moved to Texas last year from CT so want to sell East Haven to buy a duplex where I now live. It's approximately an 8% cap rate at a $135K selling price. It was appraised last year at $150K. It's a nice quiet location with deeded private beach rights but not right on the water. Solid home not a cottage convert with a brand a new Bosch tankless heat and hot water system last year. Please private message me if interested.

Phil

Post: New Haven Ct meetup!

Phillip TutinoPosted
  • Real Estate Investor
  • Fort Myers, FL
  • Posts 13
  • Votes 7

Hi any meet up date scheduled? I'll be back home in CT on the 18th of January.