VALUE ADD | Big 4 Family | ARV $450,000 121 Hillview Ave

4 Unit Apartment Building $350,000 ($87,500/Unit) 6.95% Cap Rate Waterbury, CT 06704

Investment Highlights

  • Big 4 Family
  • Detached Garage
  • TONS OF POTENTIAL
  • Separate & Tenant Paid Utilities
  • Rents Way Below Market = VALUE ADD
  • ARV Upwards of $450,000

Executive Summary

TONS OF POTENTIAL in this semi-updated 4 family with good unit mix. Property offers vinyl siding and replacement windows. At least two units need updating. Separate and tenant paid utilities - heat, HW and electric. Nice corner lot with a small driveway in back + detached garage for storage or additional income. Rents are way below market = good value add. ARV upwards of $450,000. Great opportunity!

Property Facts

Price $350,000
Price Per Unit $87,500
Sale Type Investment
Cap Rate 6.95%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.20 AC
Building Size 3,932 SF
Average Occupancy 50%
No. Stories 3
Year Built 1980
Parking Ratio 1.27/1,000 SF

Site Amenities

  • Laundry Facilities
  • Trash Pickup - Curbside
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 $1,050 -

PROPERTY TAXES

zoning

Zoning Code RL
  • Listing ID: 32126964

  • Date on Market: 6/13/2024

  • Last Updated:

  • Address: 121 Hillview Ave, Waterbury, CT 06704