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14% ROI: 5 Units, Walk to Downtown 74 Holmes Ave 3,067 SF 100% Leased Retail Building Waterbury, CT 06710 $671,021 CAD ($218.79 CAD/SF) 9.89% Cap Rate
Investment Highlights
- 5 Unit Investment
- Vinyl Siding, Roof 2 Years Old, Replacement Windows, New Front Porches
- 14% ROI w/Full Occupancy
- Nice Corner Lot
- Good Rental Income Potential
Executive Summary
Calling all investors! Don't miss this well-maintained 5-unit investment property offering a strong 14+% (at full occupancy). This turnkey, cash-flowing asset features a nicely updated exterior with vinyl siding, replacement windows, a 2-year-old roof, new front porches, and sits prominently on a corner lot. The unit mix includes (1) studio and (1) one-bedroom on the first floor, (2) one-bedroom units on the second floor, and (1) two-bedroom unit on the third floor, providing the potential for good rental income potential. Interior highlights include hardwood floors and updated kitchens and baths in select units. The utilities are separate and tenant-paid, minimizing owner expenses. Mainly on-street parking. Conveniently located on the corner of Grove and Holmes, directly across from Hayden Park, and within walking distance to the Waterbury Green, YMCA, downtown, shopping, and highway access-this property offers the ideal blend of low maintenance and strong returns.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,067 SF
Building Class
C
Year Built
1888
Price
$671,021 CAD
Price Per SF
$218.79 CAD
Cap Rate
9.89%
NOI
$66,364 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.39
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
RO
Parking
5 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WATE-000254-000005-000116 | Improvements Assessment | $89,743 CAD |
| Land Assessment | $44,392 CAD | Total Assessment | $134,136 CAD |
Property Taxes
Parcel Number
WATE-000254-000005-000116
Land Assessment
$44,392 CAD
Improvements Assessment
$89,743 CAD
Total Assessment
$134,136 CAD
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14% ROI: 5 Units, Walk to Downtown | 74 Holmes Ave
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