Log In/Sign Up
Your email has been sent.
111 Bank St 8 Unit Apartment Building $1,025,000 ($128,125/Unit) 7.80% Cap Rate Waterbury, CT 06702
Executive Summary
Exceptional mixed-use investment opportunity offering immediate cash flow. The property features a large, first floor commercial storefront, offering an ideal opportunity for an owner user or for leasing to generate additional upside. Above the commercial space are eight fully renovated apartments with a strong, stable tenant base, delivering reliable cash flow from day one. The basement offers a separate entrance exclusively for apartment residents and includes hookups for a coin operated laundry, creating additional income potential and added convenience for tenants. Ideally situated in a high visibility location directly across from Post University, this property benefits from excellent exposure, steady foot traffic, and strong long term investment potential. Whether you're looking to expand your investment portfolio or occupy the commercial space while collecting rental income, this is a rare opportunity in a prime location.
Property Facts
| Price | $1,025,000 | Apartment Style | Low-Rise |
| Price Per Unit | $128,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.80% | Building Size | 11,040 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CBD - Commercial | ||
| Price | $1,025,000 |
| Price Per Unit | $128,125 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 11,040 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | CBD - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WATE-000294-000271-000092 | Improvements Assessment | $439,530 |
| Land Assessment | $32,900 | Total Assessment | $472,430 |
Property Taxes
Parcel Number
WATE-000294-000271-000092
Land Assessment
$32,900
Improvements Assessment
$439,530
Total Assessment
$472,430
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
111 Bank St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.