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Cash Flowing Mixed-Use Property 68 Willow St

9 Unit Apartment Building $921,214 CAD ($102,357 CAD/Unit) 11.64% Cap Rate Waterbury, CT 06710

Investment Highlights

  • Corner of Pine & Willow
  • Separate & Tenant Paid Utilities
  • 21% ROI
  • Mixed-Use: 7 Apartments + 2 Retail
  • ON-Street Parking Only
  • Current Cash Flow + Room to Increase Rents

Executive Summary

21% ROI Opportunity! Check out this large mixed-use building on the corner of Willow & Pine St with a total of 9 Units. There are (6) 2 bed/1 bath apartments, 1 studio and 2 retail spaces. The utilities are separate and tenant paid - Heat, HW, cooking and electric. There is ON-Street parking only and no yard for minimal maintenance/$ to upkeep. Can be purchased as part of a larger portfolio. 11+% CAP cash flowing currently.

Property Facts

Price $921,214 CAD
Price Per Unit $102,357 CAD
Sale Type Investment
Cap Rate 11.64%
Sale Conditions Bulk/Portfolio Sale
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Garden
Building Class C
Lot Size 0.15 AC
Building Size 6,093 SF
Average Occupancy 90%
No. Stories 3
Year Built/Renovated 1890/2020
Opportunity Zone Yes

Unit Amenities

  • Cable Ready
  • Eat-in Kitchen
  • Handrails
  • Porch

Site Amenities

  • Trash Pickup - Curbside
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 $1,488 CAD -
Studios 1 $1,276 CAD -
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WATE-000253-000064-000146
Land Assessment
$42,825 CAD
Improvements Assessment
$377,154 CAD
Total Assessment
$419,979 CAD

zoning

Zoning Code RO
RO
  • Listing ID: 32138310

  • Date on Market: 2024-06-14

  • Last Updated:

  • Address: 68 Willow St, Waterbury, CT 06710

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