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Truly TURN KEY portfolio opportunity with 8% CAP in the South End almost entirely renovated inside and out! The sale consists of 3 adjacent parcels with 6 buildings = 23 apartments and 2 commercial spaces for a total of 25 units. The unit mix is: (6) 4 bed units, (11) 3 bed units and (6) 2 bed units. 5 Bldgs feature separate, and tenant paid utilities - all electric H, HW & cooking. Bldg 701 has 6 apartments with owner paid gas heat (only), and separate, tenant paid electric + hot water. 5 out of 6 Bldgs have undergone the City of Waterbury de-leading program + plus are completely renovated with new vinyl siding, replacement windows, interior unit updates, updated electrical, new/rebuilt porches and roofs (all in 2017). Majority of the units have hardwood floors throughout, huge layouts, updated kitchens and baths. Historically low vacancy and strong tenant base. There is a common/coin op laundry room in Bldg 691 for all tenants to use. The 2 commercial spaces are separate utilities and need total renovation. There is ample, off-street parking for each property, with a total of over 20 spaces combined. Great location for tenants with easy access to i84 & Rt8. Most of the rents are under market which offers huge UPSIDE potential w/25% ROI/11+% CAP rate.
| DAYS ON MARKET | 5 | LAST UPDATED | 7/2/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COUNTY | New Haven |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Frame |
| HEAT | Baseboard, Electric, Forced Air, Natural Gas |
| LOT | 0.55 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | Off Street, Driveway, Unpaved |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 65541 |
| WATER | Public |
| ZONING | CG |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing courtesy of Oxford Realty
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