Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix with a 9 CAP !


Property

Website:https://www.nestseekers.com/4570960
Address:
63 Cherry
Waterbury, CT 06702
Ownership: Multi-Family
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

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty