Piedmont & E Main Multi-Family FOR SALE


Waterbury, CT - Downtown Waterbury
$3,500,000 USD
203-816-7926
, Waterbury, CT for Sale
$3,500,000 USD
Multi-Family - FOR SALE
1/31
null | 8.36% Cap Rate

Piedmont & E Main
Waterbury, CT
Downtown Waterbury


HIGHLIGHTS

  • Strong in-place income with attractive going-in returns
  • Value-add upside to grow cash-on-cash
  • Stabilized condition with meaningful renovations already completed

OVERVIEW

We’re offering a 35-unit, 2-property portfolio at an attractive $100K per door with a strong 8.36% cap rate on in-place performance. Ownership is also open to selling each parcel individually at the same $100K/door basis—flexible structure for buyers. 25–37 Piedmont A rare multi-building setup featuring three buildings on one parcel with a joint/shared parking lot—an operationally efficient layout with a clear value-add runway and strong long-term upside. 815 E Main A standout asset in the heart of downtown, featuring a beautiful brick/stone building with curb appeal and location that supports long-term demand. Return Profile / Underwriting This is a compelling entry for an investor targeting 11%+ cash-on-cash returns. Our analysis uses a conservative, bank-style underwriting approach—blending ownership’s trailing numbers with standard vacancy/management/R&M assumptions and additional expense padding—so buyers can underwrite with confidence and still see meaningful upside.

ASK ABOUT THIS PROPERTY

Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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