Congress Ave Portfolio FOR SALE


Waterbury, CT - Downtown Waterbury
$1,450,000 USD
203-457-6818
, Waterbury, CT for Sale
$1,450,000 USD
FOR SALE
1/33
null | 10.16% Cap Rate

Congress Ave Portfolio
Waterbury, CT
Downtown Waterbury


HIGHLIGHTS

  • 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 the immediate area.

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Andrew SteinVanguard Private Client GroupMore Info
203-457-6818

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Andrew SteinVanguard Private Client GroupMore Info
203-457-6818

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