Don't miss this 12 unit VALUE ADD opportunity! This offering consists of (2) adjacent six-unit properties with a shared driveway and ample rear parking. #23 is fully occupied building with all 2 bed/1 bath units. It features a newer roof (less than 5 yrs), vinyl siding and some replacement windows. The utilities are separate and tenant paid - electric heat and gas HW + cooking. The hot water heaters are newer and electrical is updated to circuit breakers. There are washer/dryer hookups in the units and various interior updates - some flooring, fixtures, kitchens and baths. All tenants are M to M w/below market rents = big upside. #27 is a 6 unit property that is fully gutted and needs interior renovation including: electrical, plumbing, HVAC, sheetrock, flooring, and finishes. All units are also 2 bed/1 bath. It does have vinyl siding and a newer roof (less than 5 yrs) + some replacement windows. HUGE HUGE potential here with high ARV. The properties are across from Duggan School and in close proximity to Town Plot, highway access and local dining/shopping. Proforma value $900k + with 10% CAP & $90k NOI.
Multi-familyProperty Type
1930Year Built
0.43 acresLot Size
$47Price/Sq.Ft.
Listed by Amanda Faroni-Sheehan• Vanguard Private Client Grp
Bought with Amanda Faroni-Sheehan• Vanguard Private Client Grp
Source:Smart MLS #170461586
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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
9,583 Sq. Ft.
Year renovated
1954
Sq. Ft.
5,376
Year built
1930
Style
Multi-Family (5+ Unit)
County
New Haven County
APN
1390118
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 1, 2024.
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: Unpaved, Driveway, Off Street Parking
Nearby Amenities: Commuter Bus, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
Directions: Bank St to West Porter
County: New Haven
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,376
Stories: 3.0
Lot Size: 9,583 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1930
Year Renovated: 1954
County: New Haven County
APN: 1390118
Home facts updated by county records on Feb 1, 2024
Other
Documents & Disclosures
Supplement Count Public: 2
Around this home
Schools
Duggan School
Public PreK-8 • Assigned • 0.1mi
4/10
John F. Kennedy High School
Public 9-12 • Assigned • 0.6mi
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
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83
66
79
58
73
55
64
44
51
35
37
23
Jan
Feb
Mar
Apr
May
Jun
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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.