$1,350,000

40 East Liberty Street, Waterbury, Connecticut 06706

18

Beds

6

Baths

10,920

Sq.ft

$124

/sq.ft

Property Description

This investment opportunity consists of 2 buildings with a total of 16 units - All apartments are spacious, 3 Bedroom/1 Bath and have laundry in unit. The property is leased through the HAP Program (on yearly contract) so is always 100% occupied with rent increases every year. There are separate and tenant paid utilities. 1 Building is gas H&HW with a new gas line and 1 Building is electric H&HW with updated electrical. The buildings have 50% newer/replacement windows. There is ample off-street parking with approx. 15 parking spaces + an additional lot across the street. They also made energy updates including: re-insulating the basement and upgrading the lighting. There is a super on site who has been with the property for years. 10% CAP Rate!

Features

  • Property Type:

    • Other
  • County:

    • New Haven
  • Year Built:

    • 1904
  • Bathroom Features:

    • 6 Full
  • Lot Features:

    • Level Lot
  • Floor Laundry:

    • No
  • Health Club:

    • No
  • Storage:

    • No
  • Unit Washer-Dryer Allowed:

    • No

Area Info

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  • MLS Name: SmartMLS
  • MLS Number: 170116520
  • Listing Agent: Lisa Cozzi
  • Brokerage: Berkshire Hathaway NE Prop.
  • Last updated: 2019-05-15
  • Last checked: 2019-03-14
  • Listing status: Active

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$1,350,000

40 East Liberty StreetWaterbury, Connecticut 06706

18 Bed6 Bath
10,920 Sq.ft$124/sq.ftOther

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