174 Willow St - Apartments FOR SALE


Waterbury, CT 06710- Downtown Waterbury
$2,400,000 USD
203-314-4219
174 Willow St, Waterbury, CT for Sale
$2,400,000 USD
Apartments - FOR SALE
1/25
null | 10.97% Cap Rate

174 Willow St
Waterbury, CT 06710
Downtown Waterbury


HIGHLIGHTS

  • Large, Corner Building
  • Mixed Use: 4 Retail + 31 Apartments
  • 4-Story, Elevator Building
  • Roughly 60% of Units Renovated
  • On-Street Parking
  • Huge Value Add

OVERVIEW

Underperforming asset with great upside. Large, corner mixed-use building with 35 total Units consisting of: (4) retail units and (31) apartments. 3/4 retail units are occupied by the supermarket (2 spaces) and smoke shop. The 31 apartments unit mix is (1) 2 bed, (9) 1 beds and 21 studios. Many rents are below market = with a lot of room to increase the income. The heat and hot water are gas and owner paid. The electric is separate and tenant paid (but included in some of the program rents). 4-story elevator building. Roughly 60% of the units were renovated in the last 1-2 years. Security system installed. On-Street parking only and no yard = low/inexpensive exterior maintenance. Great opportunity for value add asset with good ARV.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

35

PRICE/UNIT

$68,571

CAP RATE

10.97%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Under-Performing Asset w/Big Upside!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RM

APN/PARCEL ID

WATE-000234-000540-000043

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

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