134 Chestnut Ave - Apartments FOR SALE


Waterbury, CT 06710- Downtown Waterbury
$875,000 USD
203-314-4219
134 Chestnut Ave, Waterbury, CT for Sale
$875,000 USD
Apartments - FOR SALE
1/12
null | 7.65% Cap Rate

134 Chestnut Ave
Waterbury, CT 06710
Downtown Waterbury


HIGHLIGHTS

  • completely renovated building
  • (2) 4-bed units and (4) 3-bed units, 100% occupied
  • high-efficiency combi boilers, separate & tenant paid utilities
  • security system, a fire/emergency alarm system with direct connection to the FD
  • on site laundry
  • CAN BE PURCHASED W/OTHER BUILDINGS

OVERVIEW

Multifamily investments with this level of renovation rarely come to market. This fully updated 6-unit property consists of (2) 4-bed units and (4) 3-bed units with roughly 1,200-1,220 SF each, 100% occupied on M to M leases, providing immediate cash flow with rents significantly under market for future upside. Extensively upgraded in the last couple of years, the property features remodeled apartments, new gas meters + lines, high-efficiency combi boilers, a smart water meter with automatic leak detection and shutoff, backup boilers, and tankless water heaters. The roof is approx. 7 yrs old, further minimizing capital expenditures. Additional improvements include electronic access to all apartments and basements, sprinkler systems in the basements, LED motion-sensor lighting in common areas, a comprehensive security system, a fire/emergency alarm system with direct connection to the Fire Department, and a coin/card-operated laundry room for additional income. Apartment interiors feature white cabinets, laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless remote-access entry. A true turnkey investment featuring extensive capital improvements, minimal deferred maintenance, and good unit mix. Ideally situated in Waterbury's Willow Plaza/North End neighborhood, just minutes from Downtown, shopping, dining, public transportation, and convenient access to Route 8 and I-84. Can be purchased with multiple other buildings.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

7.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Updated 6 Unit Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM

APN/PARCEL ID

WATE-000215-000690-000022

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.