28 Hill St - Apartments FOR SALE


Waterbury, CT 06704- Downtown Waterbury
$1,200,000 USD
860-617-1740
28 Hill St, Waterbury, CT for Sale
$1,200,000 USD
Apartments - FOR SALE
1/19
null | 6.1% Cap Rate

28 Hill St
Waterbury, CT 06704
Downtown Waterbury


OVERVIEW

28 Hill St, Waterbury is a turn-key 7-unit multifamily investment property ideally located in the heart of Waterbury, perfect for investors or 1031 Buyers looking to secure a cash flowing asset. This property generates $111,600 in annual gross income and offers a strong rental history with six occupied units and one ready for a new tenant unit ready for immediate lease-up, allowing for quick stabilization. Fully renovated in 2025, the property features modern unit finishes, updated mechanical systems, and low-maintenance utilities, providing long-term durability and reduced operating expenses. An excellent opportunity for investors seeking a stable, cash-flowing asset in a high-demand rental market. Conveniently located near shopping, public transportation, and major highways, ensuring easy access for tenants and consistent occupancy history.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

7

PRICE/UNIT

$171,429

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,225 SF

ZONING

RM

APN/PARCEL ID

WATE-000237-000179-000005

ASK ABOUT THIS PROPERTY

Shy GrahameBerkshire Hathaway HomeServices New EnglandMore Info
860-617-1740

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

Shy GrahameBerkshire Hathaway HomeServices New EnglandMore Info
860-617-1740

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