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25 Unit, Turn Key Portfolio w/Big Unit Mix 701-703 S Main St 25 Unit Apartment Building $3,664,710 CAD ($146,588 CAD/Unit) 8.31% Cap Rate Waterbury, CT 06706

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Investment Highlights

Waterbury's South End Location
23 Apartment Units + 2 Retail
5/6 Buildings Separate & Tenant Paid Utilities

3 Adjacent Parcels | 6 Buildings
5/6 Buildings Lead Abated w/the City of Waterbury
Ample Off-Street Parking

Executive Summary

Truly turn-key portfolio opportunity in Waterbury's South End, offering strong in-place cash flow with upside. The sale includes three adjacent parcels comprising six buildings with a total of 25 units: 23 residential apartments and two commercial spaces. The residential unit mix consists of (6) four-bed units, (11) three-bed units, and (6) two-bed units. Five of the six buildings feature separate, tenant-paid utilities, all electric heat, hot water, and cooking. Building 701 includes six apartments with owner-paid gas heat only, while electric and hot water remain tenant-paid. Five of the six buildings have completed the City of Waterbury de-leading program and have been extensively renovated, including new vinyl siding, replacement windows, updated interiors, upgraded electrical systems, rebuilt porches, and newer roofs (2017). Most apartments offer hardwood flooring, expansive layouts, and updated kitchens and baths. The portfolio has demonstrated historically low vacancy and a strong tenant base. A common coin-operated laundry room is in Building 691 and is available to all tenants. The two commercial units have separate utilities and present a value-add opportunity, as they require full renovation. The properties offer ample off-street parking, with over 20 combined parking spaces. Convenient location with easy access to I-84 and Route 8. Many rents remain below market, providing significant upside potential through continued stabilization and rent increases.

Property Facts

Price	$3,664,710 CAD	Building Class	C
Price Per Unit	$146,588 CAD	Lot Size	0.55 AC
Sale Type	Investment	Building Size	14,720 SF
Cap Rate	8.31%	Average Occupancy	93%
No. Units	25	No. Stories	4
Property Type	Multifamily	Year Built/Renovated	1900/2017
Property Subtype	Apartment	Parking Ratio	1.7/1,000 SF
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CG

Price	$3,664,710 CAD
Price Per Unit	$146,588 CAD
Sale Type	Investment
Cap Rate	8.31%
No. Units	25
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.55 AC
Building Size	14,720 SF
Average Occupancy	93%
No. Stories	4
Year Built/Renovated	1900/2017
Parking Ratio	1.7/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CG