2 Fam + 4 Fam | Large Lot 46 Washington St 6 Unit Apartment Building $620,000 ($103,333/Unit) 7.41% Cap Rate Waterbury, CT 06706

Calling all investors! This large lot features a 4 family in front, 2 family behind and ample off street parking. The front 4 family has (3) 2 bed units and (1) 1 bed unit. The utilities are separate and tenant paid. The back building is a 2 family w/1 bed unit and large 3 bed unit. This also has separate and tenant paid utilities. Some various unit updates that include new flooring, updated kitchens (appliances, cabinets, counters, fixtures); updated bathrooms and overall newer paint + fixtures. All utilities are separate & tenant paid - gas or electric heat and hot water + separate electrical. There is ample off-street parking for tenants. Low maintenance and turn key opportunity ready for a new owner! Good location for tenants near the highway and downtown for easy access to amenities. Rents are below market = BIG UPSIDE with 10+% CAP pro-forma. This property can be purchased as part of a larger portfolio sale.