Investment Portfolio Opportunity: 80 Congress Ave, 84 Congress Ave, 90 Congress Ave, & 93 Green St - Brooklyn Neighborhood, Waterbury, CT
Presenting a unique portfolio of 13 residential apartments and 1 convenience store across four well-maintained properties in the desirable Brooklyn neighborhood of Waterbury, CT. This stable investment offers immediate income with a strong return, including a 9.5% CAP rate, 15% ROI and 1.80 DSCR .
Portfolio Overview:
80 Congress Ave: 2 unit residential property, includes 3 covered garages with new roof.
84 Congress Ave: 5 unit residential property.
90 Congress Ave: 4 unit mixed-use building, featuring residential units and a convenience store.
93 Green St: 3 family residential property.
Unit Breakdown:
4 Three-bedroom apartments
2 Two-bedroom apartments
6 One-bedroom apartments
1 Studio apartment
All units are currently leased, with no vacancies, and rents are slightly below market, leaving room for future growth.
Features:
Secure, off-street parking available for all tenants.
Spacious apartments with in unit washer and dryers.
Strong rental demand in a high-growth neighborhood.
Robust public transportation services in immediate area.
This portfolio is an ideal investment for those seeking a well-performing asset with potential for rent increases and long-term appreciation.