Historical Multifamily Sale Listing - Grove Street

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Grove Street

144 Grove Street, Waterbury, CT 06702

N/A

44 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
44
Building Size:
25,312 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8.10%
Gross Rent Multiplier:
7
Occupancy:
100%
No. Stories:
4
Year Built:
1925
Lot Size:
8,276 SF
Listing ID
14613565
Last Updated
over 1 year ago

Highlights

  • Turn Key Investment!! 10-14% ROI
  • 100% Occupied!!
  • 80% Rehabbed New Roof
  • Nice Units
  • $1.5M Assumable Debt at 5.65%
  • Great Location!

Description

WOW!!! $312,516 Gross Income. Expenses =$103,600. NOI =$193,470. Investors HAVE OPTION TO ASSUME THE EXISTING DEBT OF $1.5 MILLION AT 5.65%. Four stories, all brick, elevator, surveillance cameras, intercom system, new roof ($40,000), new windows. Tenants pay cooking gas and electric. 35 out of 44 units have been gut rehabbed with new kitchens and new baths. Hardwood floors throughout. 24 units have fireplaces. Many long-term tenants. Property is 100% OCCUPIED!!! All 1 year leases, 12 section 8. 26 parking spaces. Property has an on-site Super who handles ALL maintenance and surveillance! Property is in excellent condition and has been well managed!

North Main to Grove Street. Excellent Location!! 500 ft. from Yeshiva Campus

Map of 144 Grove Street, Waterbury, CT 06702 (New Haven County)

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