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111 Bank St 8 Unit Apartment Building $1,698,370 CAD ($212,296 CAD/Unit) Waterbury, CT 06702
Executive Summary
Exceptional mixed-use investment opportunity offering immediate cash flow. The property features a large, first floor commercial storefront, offering an ideal opportunity for an owner user or for leasing to generate additional upside. Above the commercial space are eight fully renovated apartments with a strong, stable tenant base, delivering reliable cash flow from day one. The basement offers a separate entrance exclusively for apartment residents and includes hookups for a coin operated laundry, creating additional income potential and added convenience for tenants. Ideally situated in a high visibility location directly across from Post University, this property benefits from excellent exposure, steady foot traffic, and strong long term investment potential. Whether you're looking to expand your investment portfolio or occupy the commercial space while collecting rental income, this is a rare opportunity in a prime location.
Property Facts
| Price | $1,698,370 CAD | Building Class | C |
| Price Per Unit | $212,296 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 11,040 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CBD - Commercial | ||
| Price | $1,698,370 CAD |
| Price Per Unit | $212,296 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 11,040 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | CBD - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WATE-000294-000271-000092 | Improvements Assessment | $624,673 CAD |
| Land Assessment | $46,758 CAD | Total Assessment | $671,432 CAD |
Property Taxes
Parcel Number
WATE-000294-000271-000092
Land Assessment
$46,758 CAD
Improvements Assessment
$624,673 CAD
Total Assessment
$671,432 CAD
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111 Bank St
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