$395,000
$407,500
3.1%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
1,678 SqFt
SOLD DATE : 04/17/2025
Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,678 sqft
Price per Sqft $235
MLS Listing ID 24065569
Sold Date 04/17/25
Style Units on different Floors
Bedrooms 6
Full Baths 3
Year Built 1900
Annual Tax Amount $2,949
Lot Size 5,227 Sqft
Property Sub-Type 3 Family
Property Description
This fully-occupied 3-family property in Waterbury is an exceptional investment opportunity with a solid 7.2 percent cap. Featuring large, 800 SF 2-bedroom apartments on each floor with below-market rents. Which means huge upside potential for future rent increases! Each unit has electric heat and hot water, while gas is used for stoves, ensuring separate and tenant-paid utilities. With a low expense ratio and easy-to-manage structure, this property is perfect for both investors seeking strong cash flow and owner-occupants looking to maximize income potential. Don't miss out on this high-yield opportunity!
Location
State CT
County New Haven
Zoning RM
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Sloping Lot
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Maya Brown • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "