21
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$725,000
Est. payment /mo
18 Beds
6 Baths
9,684 SqFt
New
5 Hill Street Waterbury, CT 06704
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Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 9,684 sqft
Price per Sqft $74
MLS Listing ID 24212720
Style Units on different Floors
Bedrooms 18
Full Baths 6
Year Built 1909
Annual Tax Amount $16,043
Lot Size 5,227 Sqft
Property Sub-Type 5 Family+
Property Description
Excellent opportunity to acquire a strong cash-flowing 7-unit mixed-use investment property featuring six spacious 3-bedroom residential apartments and one commercial storefront. Currently operating at an impressive 10% CAP rate, this property offers investors strong in-place income from day one, along with significant upside through future rent growth. Many of the residential units have been renovated and feature updated kitchens and bathrooms, vinyl plank and hardwood flooring, and generous 3-bedroom layouts. The property has also benefited from additional improvements and well-maintained mechanicals, providing a solid foundation for the next owner while leaving room to further increase value and rental income over time. Utilities are separately metered and tenant-paid, helping keep operating expenses low and maximizing overall investment performance. Adding even more value, the sale includes a 12-car parking lot located directly across the street, providing highly desirable off-street parking for residents. Conveniently located near Downtown Waterbury, St. Mary's Hospital, shopping, grocery stores, public transportation, and major highways, this is a compelling investment for buyers seeking strong immediate cash flow, a double-digit CAP rate, renovated units, rent upside, and long-term appreciation potential.
Location
State CT
County New Haven
Zoning RM
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Waterfront Description Not Applicable
Roof Type Flat
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Vianeliz Henriquez • Sky Realty Group
NEARBY SCHOOL & BUSINESS
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