Multifamily investments with this level of renovation rarely come to market.


Property

Website:https://www.nestseekers.com/5631269
Address:
134 Chestnut
Waterbury, CT 06710
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 20 BR
Bathrooms: 6
Area: 7320 sq ft

Financials

Price:$875,000
Annual Taxes:$13,810

Description

Multifamily investments with this level of renovation rarely come to market. This fully updated 6-unit property consists of (2) 4-bed units and (4) 3-bed units with roughly 1,200-1,220 SF each, 100% occupied on M to M leases, providing immediate cash flow with rents significantly under market for future upside. Extensively upgraded in the last couple of years, the property features remodeled apartments, new gas meters + lines, high-efficiency combi boilers, a smart water meter with automatic leak detection and shutoff, backup boilers, and tankless water heaters. The roof is approx. 7 yrs old, further minimizing capital expenditures. Additional improvements include electronic access to all apartments and basements, sprinkler systems in the basements, LED motion-sensor lighting in common areas, a comprehensive security system, a fire/emergency alarm system with direct connection to the Fire Department, and a coin/card-operated laundry room for additional income. Apartment interiors feature new cabinets, laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless remote-access entry. A true turnkey investment featuring extensive capital improvements, minimal deferred maintenance, and good unit mix. Ideally situated in Waterbury's Willow Plaza/North End neighborhood, just minutes from Downtown, shopping, dining, public transportation, and convenient access to Route 8 and I-84. Can be purchased with multiple other buildings.

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