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2 Three Families, 1 Parcel 96 Hill St 6 Unit Apartment Building $795,000 ($132,500/Unit) 7.98% Cap Rate Waterbury, CT 06704



Investment Highlights
- completely renovated building
- completely renovated units
- on site laundry
- (2) 4-bed units and (4) 3-bed units, 100% occupied
- high-efficiency combi boilers, separate & tenant paid utilities
- CAN BE PURCHASED W/OTHER BUILDINGS
Executive Summary
Completely turnkey investment opportunity featuring two separate three-family buildings on one parcel, offering a total of six residential units with a desirable unit mix of (2) 3-bedroom, 1-bath and (4) 2-bedroom, 1-bath apartments. The front building offers 3,140 SF, while the rear building contains 1,648 SF, creating an investment with strong in-place income and minimal deferred maintenance. Apartments have been renovated throughout with new kitchens, durable laminate flooring, updated appliances and fixtures, and keyless entry systems with remote owner access. The roof is approximately 4 years old, further reducing near-term capital expenditure concerns. Additional amenities include an on-site laundry for added income potential and ample off-street parking for tenant convenience. Conveniently located with easy access to Downtown Waterbury, shopping, restaurants, public transportation, Route 8, and I-84. A top-notch investment opportunity for buyers seeking a truly turnkey asset with quality renovations, strong long-term income potential, and virtually no improvement needs. Can be purchased with multiple other buildings.
Property Facts
| Price | $795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $132,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.98% | Building Size | 4,788 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 90% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.09/1,000 SF |
| Zoning | RM | ||
| Price | $795,000 |
| Price Per Unit | $132,500 |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,788 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2024 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | RM |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Handrails
- Porch
Site Amenities
- Security System
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,450 | 1,050 |
| 2+1 | 4 | $1,300 | 550 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WATE-000218-000187-000015 | Improvements Assessment | $220,990 |
| Land Assessment | $45,430 | Total Assessment | $266,420 |
Property Taxes
Parcel Number
WATE-000218-000187-000015
Land Assessment
$45,430
Improvements Assessment
$220,990
Total Assessment
$266,420
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2 Three Families, 1 Parcel | 96 Hill St
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