995 Bank St - Apartments FOR SALE


Waterbury, CT 06708- Downtown Waterbury
$900,000 USD
203-314-4219
995 Bank St, Waterbury, CT for Sale
$900,000 USD
Apartments - FOR SALE
1/6
null | 5.26% Cap Rate

995 Bank St
Waterbury, CT 06708
Downtown Waterbury


HIGHLIGHTS

  • Brooklyn Neighborhood
  • Low Rents = BIG UPSIDE!
  • 11 Units: All 1 Bed/1 Bath Units
  • Owner Pays Heat & Hot Water
  • Separate & Tenant Paid Electric
  • Some Off-Street Parking

OVERVIEW

Great opportunity for a value add property in Waterbury's Brooklyn neighborhood. One building with 11 units, all 1 bed/1 bath w/LR. Aluminum siding, asphalt shingle roof and rear porches. Owner pays heat and hot water (central gas; included in rents). Electric is separate and tenant paid. There is parking for 5 cars in back. Rents are way below market offering great upside potential with 9% pro-forma CAP rate. Property is located across from Duggan school and is a desirable location for tenants with easy highway access + close proximity to shopping and downtown. This property can be purchased as part of a larger portfolio sale.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

11

PRICE/UNIT

$81,818

CAP RATE

5.26%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units | 1 Building w/BIG UPSIDE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RH

APN/PARCEL ID

WATE-000390-001030-000033

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.