32
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$800,000
Est. payment /mo
18 Beds
6 Baths
9,684 SqFt
New
5 Hill Street Waterbury, CT 06704
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Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 9,684 sqft
Price per Sqft $82
MLS Listing ID 24202768
Style Units on different Floors
Bedrooms 18
Full Baths 6
Year Built 1909
Annual Tax Amount $16,043
Lot Size 5,227 Sqft
Property Sub-Type 5 Family+
Property Description
Exceptional 7-Unit Mixed-Use Investment Opportunity Well-maintained 7-unit mixed-use property featuring six spacious 3-bedroom residential apartments and one commercial storefront. The property is currently operating at a solid 8% CAP rate with strong rent upside, offering investors attractive in-place cash flow with additional potential through future rent growth. Many of the residential units have been renovated and feature updated kitchens and bathrooms, vinyl plank and hardwood flooring, and spacious layouts. Additional improvements throughout the property, including well-maintained mechanicals, allow investors to benefit from existing upgrades while still having opportunities to further enhance the property and increase rents over time. Utilities are separately metered and tenant-paid, helping reduce operating expenses and improve overall investment performance. A 12-car parking lot located directly across the street is included in the sale, providing valuable off-street parking for tenants. Conveniently located near Downtown Waterbury, St. Mary's Hospital, shopping, grocery stores, public transportation, and major highways, this property offers a compelling combination of strong in-place cash flow, recent renovations, significant rent upside, and long-term appreciation potential.
Location
State CT
County New Haven
Zoning RM
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Parking Features Parking Lot
Waterfront Description Not Applicable
Roof Type Flat
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Vianeliz Henriquez • Sky Realty Group
NEARBY SCHOOL & BUSINESS
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