144 Grove Street
Waterbury, CT 06702 ·
44 Units · Multifamily For Sale
|No. Units||44||Gross Rent Multiplier||7|
|Building Size||25,312 SF||Occupancy||100%|
|Property Type||Multifamily||No. Stories||4|
|Property Sub-type||Mid/High-Rise||Year Built||1925|
|Property Use Type||Investment||Lot Size||8,276 SF|
|Listing ID: 14613565||Date Created: 05/09/2006||Last Updated: 09/19/2006|
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
- Turn Key Investment!! 10-14% ROI
- 100% Occupied!!
- 80% Rehabbed New Roof
- Nice Units
- $1.5M Assumable Debt at 5.65%
- Great Location!
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