96 Hill St - Apartments FOR SALE


Waterbury, CT 06704- Downtown Waterbury
$795,000 USD
203-314-4219
96 Hill St, Waterbury, CT for Sale
$795,000 USD
Apartments - FOR SALE
1/13
null | 7.98% Cap Rate

96 Hill St
Waterbury, CT 06704
Downtown Waterbury


HIGHLIGHTS

  • completely renovated building
  • (2) 4-bed units and (4) 3-bed units, 100% occupied
  • completely renovated units
  • high-efficiency combi boilers, separate & tenant paid utilities
  • on site laundry
  • CAN BE PURCHASED W/OTHER BUILDINGS

OVERVIEW

Completely turnkey investment opportunity featuring two separate three-family buildings on one parcel, offering a total of six residential units with a desirable unit mix of (2) 3-bedroom, 1-bath and (4) 2-bedroom, 1-bath apartments. The front building offers 3,140 SF, while the rear building contains 1,648 SF, creating an investment with strong in-place income and minimal deferred maintenance. Apartments have been renovated throughout with new kitchens, durable laminate flooring, updated appliances and fixtures, and keyless entry systems with remote owner access. The roof is approximately 4 years old, further reducing near-term capital expenditure concerns. Additional amenities include an on-site laundry for added income potential and ample off-street parking for tenant convenience. Conveniently located with easy access to Downtown Waterbury, shopping, restaurants, public transportation, Route 8, and I-84. A top-notch investment opportunity for buyers seeking a truly turnkey asset with quality renovations, strong long-term income potential, and virtually no improvement needs. Can be purchased with multiple other buildings.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

6

PRICE/UNIT

$132,500

CAP RATE

7.98%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Three Families, 1 Parcel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RM

APN/PARCEL ID

WATE-000218-000187-000015

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.