This Multifamily Property is Off-Market.

144 Grove Street
Waterbury, CT 06702 ·

44 Units · Multifamily For Sale

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Grove Street

Price N/A Cap Rate 8.10%
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
Commission Split 2%
Listing ID: 14613565 Date Created: 05/09/2006 Last Updated: 09/19/2006

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

Highlights

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

Research

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

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