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2 Three Families, 1 Parcel 96 Hill St 6 Unit Apartment Building $1,125,004 CAD ($187,501 CAD/Unit) 7.98% Cap Rate Waterbury, CT 06704



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 | Apartment Style | Low-Rise |
| Price Per Unit | $187,501 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.98% | Building Size | 4,788 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 90% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.09/1,000 SF |
| Zoning | RM | ||
| 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 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WATE-000218-000187-000015 | Improvements Assessment | $312,723 CAD |
| Land Assessment | $64,288 CAD | Total Assessment | $377,011 CAD |
Property Taxes
Parcel Number
WATE-000218-000187-000015
Land Assessment
$64,288 CAD
Improvements Assessment
$312,723 CAD
Total Assessment
$377,011 CAD
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2 Three Families, 1 Parcel | 96 Hill St
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