1215 Bank St, Waterbury, CT 06708
4 Unit Apartment Building | $499,900 ($124,975/Unit) | 8% Cap Rate | Waterbury, CT 06708
Asking Price $499,900
- Property Type
-
Multifamily
- Square Feet
- 8,227 SF
Listing Contacts
- Property Info
Property Overview
Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property currently has a strong rent roll of $5,000 per month, yielding an 8% return on investment (ROI). There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up, yielding a Proforma ROI of 17%. Three of the four units have undergone substantial renovations over the last 2 years. The property also features updated electric panels, newer mechanicals and off-street parking, with all utilities being tenant paid. FHA eligible.
Property Details
- Class
- C
- Year Built
- 1900
- Stories
- 4
- Lot Size (sq. ft)
- 7,841 SF
- Units
- 4
Highlights
- Fully Stabilized 4-Family with 17% ROI Proforma
- Three 3 bedroom Units and One 2 bedroom Unit
- FHA Eligible
- Current Rent Roll is $5,000
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