operating-home

65 Elm Street

Price
Listing Tags
Beds
27
Size
5900 sqft
Type
Two-Family

Overview

A massive Victorian home located in the heart of Vernon, Connecticut, offering ample parking and capacity for 27 beds. The property is available for lease.

Lease and Income Structure

65 Elm Street, Vernon, CT 06066 is a massive Victorian-style home located in the heart of Vernon. The property is available for lease and offers ample on-site parking.

 

The home spans approximately 5,900 square feet and supports a service capacity of 27 recovery housing beds, making it one of the larger properties available in the portfolio.

 

Location and Market Context

Vernon is a Connecticut community offering convenient access to healthcare, employment, and regional transportation corridors, providing a supportive setting for a large-scale recovery residence.

 

Key Property Details

Address: 65 Elm Street, Vernon, CT 06066

Property Type: Two-Family recovery housing facility (Victorian architecture)

Building Size: Approximately 5,900 sq. ft.

Total Beds: 27

Parking: Ample on-site parking

 

Operator Fit

This property may be well suited for an operator seeking a large-capacity home with distinctive Victorian character and strong parking availability in the Vernon, Connecticut area.

Property Financials
Bed Data
Private Beds 2
Shared Beds 25
Total Beds 27
Vacancy Rate (estimated) 20%
House Mentors 1.5
Revenue-Producing Beds 20.50
Weekly Rent $180.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $252,720.00
Less: Vacancy & Loss $50,544.00
Less: Mentor Rent Credit $14,040.00
Plus: Intake Fee Revenue $8,800.00
Plus: Laundry Service Revenue $4,576.00
Total Revenue $201,512.00
Expenses (Annual)
Operating Expenses $65,192.00
Property Taxes $10,016.00
Property Insurance $3,600.00
Valuation
Capitalization Rate 8%