This is a six unit investment opportunity with an 11.5+% CAP rate in Town Plot - corner lot across from the school! The property consists of all 2 bed/1 bath units. There are various unit updates throughout, including flooring, kitchens and baths. The utilities are all separate & tenant paid. The 1st two floors have gas H&HW, the 3rd floor is electric H&HW. The electric is fully updated with separate panels. This property can be purchased with other assets in the Waterbury area as well - ask for details. Value add opportunity to increase rents. Plus, 5 car-detached garage in back - rent out for additional income. 17+% CAP proforma. This is a great opportunity to own a property with great cash flow + NOI of $43k +! Property needs work, will convey as-is.
Multi-familyProperty Type
1885Year Built
7,405 sq ftLot Size
$44Price/Sq.Ft.
5 car garageParking
Listed by Amanda Faroni-Sheehan• Berkshire Hathaway NE Prop.
Bought with Eric Bierce• Dave Jones Realty, LLC
Source:Smart MLS #170301283
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*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
1960
Sq. Ft.
5,124
Year built
1885
Style
Multi-Family (5+ Unit)
County
New Haven County
APN
1388506
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
RH
High Density Multi-Family Residential District
The RH District is established to provide for medium and high-rise multifamily residential structures at a maximum density of 42 dwelling units per acre and limited nonresidential uses and mixed-use development. Uses and Conditional Accessory Uses are permitted by Zoning Permit, Special Permit, or Special Exception approval as provided in Article 11 of these Regulations.
Permitted uses
Include but are not limited to:
No uses permitted by right
Property details
Parking
Garage Information
Garage & Parking: Detached Garage, Driveway
Garages Number: 5
Interior
Interior Information
Cooling System: Window Unit
Bathroom Information
# of Baths (Full): 6
Bedroom Information
Beds Total: 12
Room Information
Basement Description: Full, Unfinished
Multi-Unit Information
Unit Count: 6
Total Rooms Multi Family: 24
Total Number of Units: 6
Exterior
Exterior Features
Roof Information: Flat
Exterior Siding: Vinyl Siding
Exterior Features: Porch, Sidewalk
Lot Information
Lot Description: Corner Lot
Building Information
Foundation Type: Masonry, Stone
Construction Description: Frame
Color: Beige
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 5 Family+
Living Area SQFT Per Public Record: 5124
Driveway Type: Private, Paved
Financial
Assessments Information
Assessed Value: $120,960
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Electric, Natural Gas
Heat Type: Baseboard
Heat Fuel Type: Electric, Natural Gas
Location
School Information
High School: John F. Kennedy
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Commuter Bus, Park, Public Pool, Public Transportation, Walk to Bus Lines
Directions: Congress Ave to Poplar OR Alder St to Poplar St
County: New Haven
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,124
Stories: 3.0
Lot Size: 7,405 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1885
Year Renovated: 1960
County: New Haven County
APN: 1388506
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 1
Around this home
Schools
Duggan School
Public PreK-8 • Assigned • 0.2mi
4/10
John F. Kennedy High School
Public 9-12 • Assigned • 0.4mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Waterbury, CT • 06708
Average low and high temperatures (°F)
32
18
35
20
51
31
61
40
68
50
79
59
82
65
79
58
74
55
64
44
51
35
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.