Great mixed-use investment opportunity in Bunker Hill! The property features 8 total units: 4, 3 bed/1 bath apartments and 4, commercial units - all occupied! There is so much to love about this property. Residential units feature eat-in kitchens and hardwood floors. Separate and tenant paid utilities offer an owner low overhead expenses. The roof was redone in 2021 along with replaced water heaters and furnaces. Additional recent updates include new sewer line, fire system and driveway paving. Currently the property offers an 8.5% CAP rate and 10% ROI with room to add value! This can be purchased as a package with 11 units, 249-259 River Street in Waterbury (170537824).
Multi-familyProperty Type
1910Year Built
9,583 sq ftLot Size
$74Price/Sq.Ft.
Listed by Maddy Ceruti• Berkshire Hathaway NE Prop.
Bought with Jonathan Xu• Berkshire Hathaway NE Prop.
Source:Smart MLS #170537821
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This is a mixed-use investment property in Bunker Hill area of Waterbury with 10+% CAP rate. The Subject is a total of 8 units and consists of: (4) 3 bedroom apartments and 4 commercial spaces. The apartments and commercial spaces have a historically low turnover and all tenants are on leases. The building has many updates, including: updated electrical, a new fire alarm system, a new camera system, new sewer line and the roof was sealed in 2017. The units feature: hardwood floors and various updates throughout the kitchens, baths and living spaces. The utilities are separate and tenant paid - gas heat, hot water and updated electrical. The driveway and parking lot were recently paved. Good investment opportunity!
Smart MLS #T10200933
Apr 1, 2017
Listing Removed
—
Mar 8, 2017
Listed
$430,000
$60/sq ft
Smart MLS #W1013430
Jul 19, 2003
Listed
$249,900
$35/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Year built
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Style
Multi-Family (5+ Unit)
County
New Haven County
APN
1376364
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Last updated by owner on Apr 11, 2023.
RL
Low Density Residential District
The RL District is established to provide for single family dwellings and limited nonresidential uses on lots having a minimum area of 6,000 sq ft. Uses and Conditional Accessory Uses are permitted by Zoning Permit, Special Permit, or Special Exception approval as provided in Article 11of these Regulations.
Permitted uses
Include but are not limited to:
No uses permitted by right
Property details
Parking
Garage Information
Garage & Parking: Paved
Interior
Virtual Tour Information
Has Virtual Tour
Interior Information
Laundry Room Info: All Units Have Hook-Ups
Cooling System: Window Unit
Bathroom Information
# of Baths (Full): 4
Bedroom Information
Beds Total: 12
Room Information
Basement Description: Full, Unfinished
Multi-Unit Information
Unit Count: 4
Total Number of Units: 8
Exterior
Exterior Features
Roof Information: Flat
Exterior Siding: Vinyl Siding, Brick
Lot Information
Lot Description: Level Lot
Building Information
Foundation Type: Brick, Stone
Construction Description: Frame
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 5 Family+
Living Area SQFT Per Public Record: 7138
Financial
Assessments Information
Assessed Value: $170,480
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Natural Gas
Heat Type: Baseboard
Heat Fuel Type: Natural Gas
Location
School Information
High School: Per Board of Ed
Elementary School: Bunker Hill
Location Information
State: Connecticut
Nearby Amenities: Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
Directions: Bunker Hill Ave to Grandview Ave
County: New Haven
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: New Haven County
APN: 1376364
Home facts updated by county records on Apr 11, 2023
Other
Documents & Disclosures
Supplement Count Public: 2
Around this home
Schools
Bunker Hill School
Public PreK-5 • Assigned • 0.1mi
3/10
West Side Middle School
Public 6-8 • Assigned • 1.4mi
4/10
John F. Kennedy High School
Public 9-12 • Assigned • 1.4mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Waterbury, CT • 06708
Average low and high temperatures (°F)
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51
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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.