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 | - |
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PROPERTY TAXES
Parcel Number | WATE-000182-000804-000086 | Improvements Assessment | $204,190 |
Land Assessment | $18,130 | Total Assessment | $222,320 |
zoning
Zoning Code | RL |