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- LoopNet Team
337 Congress Ave
Waterbury, CT 06708
Turn Key | 10+% CAP! · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 8,880 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1906/2015 |
| Zoning | RM | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,880 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1906/2015 |
| Zoning | RM |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Kitchen
ABOUT 337 CONGRESS AVE , WATERBURY, CT 06708
11% CAP rate - 8 unit, turn key, brick apartment building w/separate & tenant paid utilities. There are (5) 3 bed/1 bath units & (3) 2 bed/1 bath units - all approx. 1,100 SF and 100% occupied (4 Sect 8 tenants)! Property has many updates, including: flat/rubber roof (2012), 8 gas-fired furnaces & 8 hot water heaters (2012/13), rebuilt back porches ($35k invested), separate & updated electric, replacement windows (2010). Laundry in LL - Coin-Op (rented). Extensive energy saving improvements include: added insulation, caulking, LED lighting in common areas/units. All units are updated: floors, kitchens, baths, paint. Common areas are updated and clean. Back porches are rebuilt and clean. Building has fire system (fire doors, extinguishers, hardwired detectors). NO off-street parking.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $750.00 | 1,000 |
| 3+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | WATE-000413-001028-000062 | Improvements Assessment | $281,960 |
| Land Assessment | $56,000 | Total Assessment | $337,960 |
PROPERTY TAXES
