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985 Bank Street Waterbury, CT 06708
44 Baths
32,049 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 32,049 sqft
Price per Sqft $123
MLS Listing ID 24168573
Full Baths 44
Year Built 1920
Annual Tax Amount $31,165
Lot Size 0.830 Acres
Property Description
Don't miss this Brooklyn Center multifamily 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.
Location
State CT
County New Haven
Zoning RH
Interior
Heating Hot Water
Cooling Window Unit
Flooring Tile, Vinyl, Wall-to-Wall Carpet, Wood
Exterior
Exterior Feature Sidewalk, Gutters, Lighting
Parking Features Paved, Off Street Parking
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Asphalt Shingle,Flat
Building
Lot Description Corner Lot, Level Lot
Story 4
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Amanda Faroni-Sheehan • Oxford Realty
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