25 Units Turn-Key w/Big Unit Mix 3 Multifamily Properties Offered at $2,800,000 in Waterbury, CT

INVESTMENT HIGHLIGHTS

  • 25 Units
  • Big Unit Mix
  • Separate & Tenant Paid Utilities
  • Turn Key Portfolio
  • Entirely Renovated Inside & Out 2017
  • Ample Off-Street Parking

EXECUTIVE SUMMARY

Oxford Realty is pleased to present this TURN KEY portfolio opportunity in the South End almost entirely renovated inside and out! The sale consists of 3 adjacent parcels with 6 buildings = 23 apartments and 2 commercial spaces for a total of 25 units. The unit mix is: (6) 4 bed units, (11) 3 bed units and (6) 2 bed units. 5 Bldgs feature separate, and tenant paid utilities - all electric H, HW & cooking. Bldg 701 has 6 apartments with owner paid gas heat (only), and separate, tenant paid electric + hot water. 5 out of 6 Bldgs have undergone the City of Waterbury de-leading program + plus are completely renovated with new vinyl siding, replacement windows, interior unit updates, updated electrical, new/rebuilt porches and roofs (all in 2017). Majority of the units have hardwood floors throughout, huge layouts, updated kitchens and baths. Historically low vacancy and strong tenant base. There is a common/coin op laundry room in Bldg 691 for all tenants to use. The 2 commercial spaces are separate utilities and need total renovation. There is ample, off-street parking for each property, with a total of over 20 spaces combined. Great location for tenants with easy access to i84 & Rt8. Most of the rents are under market which offers huge UPSIDE potential w/24% ROI/11+% CAP rate.

PROPERTY FACTS

Price $2,800,000
Price / SF $77.19 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 7.69%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 36,276 SF
Total Land Area 1.78 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
685 S Main St, Waterbury, CT 06706 Multifamily 6,834 SF 1900 -
701-703 S Main St, Waterbury, CT 06706 Multifamily 6,716 SF 1900 -
675 S Main St, Waterbury, CT 06706 Multifamily 22,726 SF 1900 -
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  • Listing ID: 35541349

  • Date on Market: 4/10/2025

  • Last Updated:

  • Address: 25 Units Turn-Key w/Big Unit Mix, Waterbury, CT