121 Hillview Ave - Apartments FOR SALE


Waterbury, CT 06704- Downtown Waterbury
$599,000 USD
860-508-2102
121 Hillview Ave, Waterbury, CT for Sale
$599,000 USD
Apartments - FOR SALE
1/17
null | 11% Cap Rate

121 Hillview Ave
Waterbury, CT 06704
Downtown Waterbury


HIGHLIGHTS

  • Turnkey investment opportunity - Major improvements completed.
  • In Place cap rate 11%.
  • Units at market rent.

OVERVIEW

Turnkey 4-Unit Property IN PLACE 11% CAP RATE! The 3 bed unit rents for $2,050/month; one, 2-bed/1-bath unit rents for $1,900/month, while the remaining 2, 2 bed units are ready for an owner-occupant and/or additional rental income for $2,000 each. Each unit features modern upgrades, including energy-efficient windows, new doors, and LED lighting throughout. The contemporary kitchens are outfitted with white cabinetry, granite countertops, stainless-steel appliances, and dishwashers. Designed for comfort, the layouts include spacious bedrooms, tiled full baths, and a master suite with a walk-in closet. Residents enjoy two dedicated parking spaces per unit, ample street parking for guests, and convenient shared basement laundry facilities. The property is energy-efficient with natural gas heating, cooking, and hot water to help keep utility costs low. With over $30,000 in recent upgrades, this property offers peace of mind and minimal maintenance for years to come. Improvements include new French drains and sump pumps with a lifetime warranty by Connecticut Dry Basements, a brand-new paved driveway, new gutters with gutter guards for low-maintenance upkeep, and professional chimney work ensuring long-term reliability. This stress-free investment is perfect for an investor looking for solid rental income or a homeowner seeking to offset costs while enjoying a beautifully updated property. With major improvements already completed, this is a move-in-ready opportunity you don't want to miss!

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

4

PRICE/UNIT

$149,750

CAP RATE

11%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RL

APN/PARCEL ID

WATE-000182-000804-000086

ASK ABOUT THIS PROPERTY

Lisa CozziThe Cozzi TeamMore Info
860-508-2102

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Lisa CozziThe Cozzi TeamMore Info
860-508-2102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.