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9 Units w/9% CAP: Close to Downtown 2 Properties Offered at $1,271,900 CAD in Waterbury, CT
INVESTMENT HIGHLIGHTS
- 2 Adjacent Properties
- Big Unit Mix - 3 Beds & (2) 2 Beds
- Ample Off Street Parking
- 2 Family + 7 Units Mixed Use
- Separate & Tenant Paid Utilities
- Close to Downtown
EXECUTIVE SUMMARY
Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix with a 9% CAP! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units - fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space - fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 - tobacco shop uses the ground level - also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 24+% ROI.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$180,167
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$180,167
|
| Taxes |
$26,885
|
| Operating Expenses |
$31,576
|
| Total Expenses |
$58,462
|
| Net Operating Income |
$121,706
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $180,167 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $180,167 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,885 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,576 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,462 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $121,706 |
PROPERTY FACTS
| Price | $1,271,900 CAD | Number of Properties | 2 |
| Price / SF | $375.86 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.86% | Total Building Size | 3,384 SF |
| Sale Type | Investment | Total Land Area | 0.26 AC |
| Status | Active |
| Price | $1,271,900 CAD |
| Price / SF | $375.86 CAD / SF |
| Cap Rate | 8.86% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,384 SF |
| Total Land Area | 0.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 55-57 Cherry St, Waterbury, CT 06702 | Multifamily | 1,734 SF | 1965 | - |
| 63 Cherry St, Waterbury, CT 06702 | Retail | 1,650 SF | 1915 | - |
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9 Units w/9% CAP: Close to Downtown
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