Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix with a 9 CAP !
| Website: | https://www.nestseekers.com/4570960 |
|---|---|
| Address: | 63 Cherry Waterbury, CT 06702 |
| Ownership: | Multi-Family |
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| Type: | Multi-Family |
| Bedrooms: | 1 BR |
| Bathrooms: | 1 |
| Area: | 10401 sq ft |
Financials
Price:$920,000
Annual Taxes:$14,550
Description
Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix with a 9% CAP! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units - fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space - fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 - tobacco shop uses the ground level - also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 24+% ROI.
Amenities
- Elementary School - Per Board of Ed
- Gutters
- High School - Per Board of Ed
- Intermediate School -
- Lighting
- Porch
- Sidewalk
- Window Unit
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty | |