227 Hillside Ave - Apartments FOR SALE


Waterbury, CT 06710- Downtown Waterbury
$750,000 USD
203-314-4219
227 Hillside Ave, Waterbury, CT for Sale
$750,000 USD
Apartments - FOR SALE
1/12
null | 7.66% Cap Rate

227 Hillside Ave
Waterbury, CT 06710
Downtown Waterbury


HIGHLIGHTS

  • Extensively Upgraded 6 Unit Building
  • All 2 Bed, 1 Bath Units
  • 100% Occupied
  • All Units Completely Renovated
  • Separate & Tenant Paid Utilities: COMBI Boilers & Tankless HW
  • CAN BE PURCHASED WITH OTHER BUILDINGS

OVERVIEW

Not your average multifamily! This fully renovated 6-unit investment property has been extensively upgraded with quality improvements rarely found in comparable assets. The building is 100% occupied, offering immediate cash flow, and consists of (6) spacious 2-bed, 1-bath apartments, each approx.. 800 SF. Current rents are below market, providing an excellent value-add opportunity through future rent adjustments. Each apartment has been nicely updated with white cabinetry, durable laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless entry systems with remote owner access. Major mechanical improvements include high-efficiency combi boilers, backup boilers and tankless water heaters for added reliability, plus a smart water meter with automatic leak detection and shutoff to help minimize maintenance concerns. Additional building enhancements include roof approx. 4yrs old, basement sprinkler systems, LED motion-sensor lighting throughout the common areas, security system, and a fire/emergency alarm system with a direct connection to the Fire Department. A coin/card-operated laundry room provides an additional source of income. Conveniently located with easy access to shopping, restaurants, public transportation, Downtown Waterbury, Route 8, and I-84. An exceptional turnkey investment offering strong in-place income, minimal deferred maintenance, and long-term upside. Can be purchased with multiple other buildings.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

7.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Extensively Upgraded 6 Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM

APN/PARCEL ID

WATE-000234-000062-000135

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.