197 S Leonard St - Apartments FOR SALE


Waterbury, CT 06708- Downtown Waterbury
$1,500,000 USD
203-314-4219
197 S Leonard St, Waterbury, CT for Sale
$1,500,000 USD
Apartments - FOR SALE
1/22
null | 7.18% Cap Rate

197 S Leonard St
Waterbury, CT 06708
Downtown Waterbury


HIGHLIGHTS

  • 16 Units + 5 Car Garage
  • Turn Key
  • Studios, 1 Beds & 2 Bed Units
  • Mostly renovated units
  • All separate & tenant paid utilities
  • Can be purchased as part of a larger portfolio

OVERVIEW

Fantastic S End investment opportunity that's turn key with upside. This corner building is a total of 16 units that feature 2 beds, 1 beds and studio units. Many of the units offer a variety of renovations including new flooring, paint, fixtures, kitchen cabinets, counters, appliances and updated bathrooms. The hallways have been recently painted with new flooring as well. All utilities are separate & tenant paid - gas heat and hot water + separate & tenant paid electrical. There is fire monitoring throughout the building. There is a 5-car garage in back and some off-street parking for cars. Low maintenance with super on site and turn key opportunity ready for a new owner! Good location for tenants near the highway and downtown for easy access to amenities. Rents are below market = BIG UPSIDE with 12.8+% ROI pro-forma. This property can be purchased as part of a larger portfolio sale.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

16

PRICE/UNIT

$93,750

CAP RATE

7.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Units + 5 Garages: Turn Key w/Upside!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

IG

APN/PARCEL ID

WATE-000414-000322-000004

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 Policy.