985 Bank
Waterbury, CT 06708

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 44
Area: 32049 sq ft

Financials

Price:$4,500,000
Annual Taxes:$31,165
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty

Don't miss this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio.

Description

Don't miss this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms, modern flooring, and other in-unit improvements throughout most apartments. Many units have been turned, providing an investor with a strong combination of current cash flow and continued upside through ongoing rental increases. Each location features coin operated laundry and off street parking. This is a rare opportunity to acquire scale in Waterbury's Brooklyn neighborhood with well-maintained assets and proven rental demand.

Amenities

  • Elementary School -
  • Gutters
  • High School -
  • Intermediate School -
  • Lighting
  • Sidewalk
  • Window Unit

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