34 Plaza Ave 3 Unit Apartment Building $439,900 ($146,633/Unit) 8% Cap Rate Waterbury, CT 06710

EXECUTIVE SUMMARY

34 Plaza Ave presents a wonderful investment opportunity for both investors and owner-occupants. This fully occupied, well-maintained 3-unit building has spacious, high-demand apartments with significant rental upside potential. The property features two 3-bedroom units on the first and second floors, along with a 2-bedroom unit on the third floor. Each apartment is generously sized, with extra rooms that can be used for home offices, storage, or additional living space. With separate, tenant-paid utilities, the building ensures low management overhead and better cost control for the owner. The property benefits from low taxes and operating expenses, further enhancing its appeal as an investment. Currently generating solid rental income, the property still has room for rent increases, providing excellent potential for future appreciation and higher returns. With an 8 percent CAP, this building is a prime opportunity for investors looking for strong returns. It is also ideal for owner-occupants who wish to live in one of the units while earning income from the others. This rare opportunity combines great cash flow, occupancy, and low expenses-making it an ideal purchase for any real estate portfolio. Don't miss out-schedule a walk-through today!

PROPERTY FACTS

Price $439,900
Price Per Unit $146,633
Sale Type Investment
Cap Rate 8%
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 3,207 SF
Average Occupancy 100%
No. Stories 2
Year Built 1908
Zoning RM - 105 - 3-Family Residence

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector
  • Listing ID: 34343593

  • Date on Market: 1/2/2025

  • Last Updated:

  • Address: 34 Plaza Ave, Waterbury, CT 06710