8 Units - Scott Road Condo Portfolio 495 Scott Rd 8 Unit Apartment Building $1,450,000 ($181,250/Unit) 6.31% Cap Rate Waterbury, CT 06705
INVESTMENT HIGHLIGHTS
- Become the Largest Owner in this Well Maintained Condo Complex
- Bare Minimum Landlord Responsibilities - HOA Maintains Property
- Value Add - Below Market Rents with Updated Units Featuring Oversized Garages
EXECUTIVE SUMMARY
2% of sales price to Buyer’s Agent. Become the Largest Owner in This Well-Maintained Condo Complex featuring 2 Bedroom Condos (Eight Condo Unit Portfolio For Sale) in a High-Income Area of Waterbury, Connecticut. This Offering Presents a Massive VALUE ADD Opportunity with the Updated Interiors, Attached Garages, and Below Market Rents. Enjoy BARE MINIMUM Landlord Responsibilities as the Condo Association Provides Hands Off Management for the Entire Complex.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,450,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 112,848 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1986 |
| Zoning | RS - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 8 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | WATE-000471-000141-000003 | Improvements Assessment | $4,060 (2024) |
| Land Assessment | $1,330 (2024) | Total Assessment | $5,390 (2024) |
CONTACTS
-
Ari Bigi -
Zachary Pranger -
Group Realty LLC
