Don't miss this Brooklyn Center multifamily portfolio consisting of 44 units, in two locations less than 0.


Property

Website:https://www.nestseekers.com/5424543
Address:
985 Bank
Waterbury, CT 06708
Ownership: Commercial
Type: Commercial
Bathrooms: 44
Area: 32049 sq ft

Financials

Price:$3,960,000
Annual Taxes:$31,165

Description

Don't miss this Brooklyn Center multifamily 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

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