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Brass City Portfolio 6 Multifamily Properties Offered at $6,225,210 CAD in Waterbury, CT
INVESTMENT HIGHLIGHTS
- 6 Buildings | 44 Units
- Historically Low Vacancy | Strong Rental Demand
- Off-Street Parking
- Brooklyn Neighborhood
- Diverse Unit Mix
- Cash Flow w/Value Add
EXECUTIVE SUMMARY
Oxford Realty is pleased to present this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms, modern flooring, and other in-unit improvements throughout most apartments. Many units have been turned, providing an investor with a strong combination of current cash flow and continued upside through ongoing rental increases. Each location features coin operated laundry and off street parking. This is a rare opportunity to acquire scale in Waterbury's Brooklyn neighborhood with well-maintained assets and proven rental demand.
PROPERTY FACTS
| Price | $6,225,210 CAD | Number of Properties | 6 |
| Price / SF | $194.24 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.10% | Total Building Size | 32,049 SF |
| Sale Type | Investment | Total Land Area | 0.83 AC |
| Status | Active |
| Price | $6,225,210 CAD |
| Price / SF | $194.24 CAD / SF |
| Cap Rate | 6.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 32,049 SF |
| Total Land Area | 0.83 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 985-987 Bank St, Waterbury, CT 06708 | Multifamily | 10,052 SF | 1920 | - |
| 951-953 Bank St, Waterbury, CT 06708 | Multifamily | 8,014 SF | 1900 | - |
| 248 Congress Ave, Waterbury, CT 06708 | Multifamily | 5,261 SF | 1900 | - |
| 971 Bank St, Waterbury, CT 06708 | Multifamily | 3,240 SF | 1900 | - |
| 256 Congress Ave, Waterbury, CT 06708 | Multifamily | 2,972 SF | 1924 | - |
| 307 Washington Ave, Waterbury, CT 06708 | Multifamily | 2,510 SF | 1903 | - |
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Brass City Portfolio
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