203 S Leonard St - Apartments FOR SALE


Waterbury, CT 06708- Downtown Waterbury
$999,900 USD
203-314-4219
203 S Leonard St, Waterbury, CT for Sale
$999,900 USD
Apartments - FOR SALE
1/14
null | 8.41% Cap Rate

203 S Leonard St
Waterbury, CT 06708
Downtown Waterbury


HIGHLIGHTS

  • Turn Key
  • Big Unit Mix: (5) 3 Bed, (1) 2 bed & 3 Studios
  • 8/9 Renovated Units
  • Ample Off Street Parking
  • Rents Below Market = Big Upside
  • Can be purchased as part of a larger portfolio

OVERVIEW

Fantastic investment opportunity that's turn key and cash flowing with upside! This corner building is a total of 9 units with big unit mix featuring (5) 3 bed/1 bath units, (1) 2 bed, 1 bath unit & 3 studios/1 bath units. All units are spacious AND renovated (8/9) with new flooring throughout, updated kitchens (appliances, cabinets, counters, fixtures); updated bathrooms and overall newer paint + fixtures. All utilities are separate & tenant paid - gas or electric heat and hot water + separate electrical. There are laundry hookups in most units. There is ample off-street parking for 10+ cars. Low maintenance 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 10+% CAP pro-forma. This property can be purchased as part of a larger portfolio sale.

FOR SALE DETAILS

PRICE

$999,900 USD

PRICE/SF

$138 USD /SF

# OF UNITS

9

PRICE/UNIT

$111,100

CAP RATE

8.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Units, Turn Key w/Cash Flow + Big Unit Mix

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

IG

APN/PARCEL ID

WATE-000414-000322-000009

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.