144 Grove St - Apartments FOR SALE


Waterbury, CT 06710- Downtown Waterbury
$3,520,000 USD
860-638-9748
144 Grove St, Waterbury, CT for Sale
$3,520,000 USD
Apartments - FOR SALE
1/7
null | 6.5% Cap Rate

144 Grove St
Waterbury, CT 06710
Downtown Waterbury


OVERVIEW

Sky Realty Group is pleased to present this well-positioned 44-unit multifamily offering. Anchored by a classic 42-unit brick building, the package also includes a two-unit duplex located on the same parcel. The unit mix consists of 25 studios and 19 one-bedroom apartments. Originally built in 1925, the main building spans 25,312 square feet on 0.19 acres and offers significant value-add potential, with current rents well below market.The property features hardwood and laminate flooring, gas heat and hot water paid by the landlord, and tenant-paid electricity and cooking gas. Recent capital improvements include a new roof and central boiler installed in 2023. Amenities include a 24/7 security system, controlled access, over 20 off-street parking spaces, and a coin-operated laundry room.Located less than a mile from I-84 and Route 8, and close to downtown, shopping, public transportation, restaurants, and nightlife, this asset is well-positioned in a high-demand rental market. Financials available upon request.

FOR SALE DETAILS

PRICE

$3,520,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

44

PRICE/UNIT

$80,000

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waterbury Grove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1925

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RH, Waterbury

APN/PARCEL ID

WATE-000254-000159-000031

ASK ABOUT THIS PROPERTY

Sandy StricklingSky Realty GroupMore Info
860-638-9748

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Sandy StricklingSky Realty GroupMore Info
860-638-9748

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