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Investment Highlights

  • completely renovated building
  • completely renovated units
  • on site laundry
  • (2) 4-bed units and (4) 3-bed units, 100% occupied
  • high-efficiency combi boilers, separate & tenant paid utilities
  • CAN BE PURCHASED W/OTHER BUILDINGS

Executive Summary

Completely turnkey investment opportunity featuring two separate three-family buildings on one parcel, offering a total of six residential units with a desirable unit mix of (2) 3-bedroom, 1-bath and (4) 2-bedroom, 1-bath apartments. The front building offers 3,140 SF, while the rear building contains 1,648 SF, creating an investment with strong in-place income and minimal deferred maintenance. Apartments have been renovated throughout with new kitchens, durable laminate flooring, updated appliances and fixtures, and keyless entry systems with remote owner access. The roof is approximately 4 years old, further reducing near-term capital expenditure concerns. Additional amenities include an on-site laundry for added income potential and ample off-street parking for tenant convenience. Conveniently located with easy access to Downtown Waterbury, shopping, restaurants, public transportation, Route 8, and I-84. A top-notch investment opportunity for buyers seeking a truly turnkey asset with quality renovations, strong long-term income potential, and virtually no improvement needs. Can be purchased with multiple other buildings.

Property Facts

Price $1,125,004 CAD
Price Per Unit $187,501 CAD
Sale Type Investment
Cap Rate 7.98%
Sale Condition Bulk/Portfolio Sale
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.26 AC
Building Size 4,788 SF
Average Occupancy 90%
No. Stories 3
Year Built/Renovated 1900/2024
Parking Ratio 2.09/1,000 SF
Zoning RM

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Washer/Dryer
  • Eat-in Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Handrails
  • Porch

Site Amenities

  • Security System
  • Trash Pickup - Curbside
  • Public Transportation
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 2 $2,052 CAD 1,050
2+1 4 $1,840 CAD 550
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
WATE-000218-000187-000015
Land Assessment
$64,288 CAD
Improvements Assessment
$312,723 CAD
Total Assessment
$377,011 CAD
  • Listing ID: 41269131

  • Date on Market: 2026-07-13

  • Last Updated:

  • Address: 96 Hill St, Waterbury, CT 06704

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