8 Units - Scott Road Condo Portfolio | 515 Scott Rd
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8 Units - Scott Road Condo Portfolio 515 Scott Rd
8 Unit Apartment Building $1,255,000 ($156,875/Unit) 6.34% 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,255,000 | Apartment Style | Townhome |
| Price Per Unit | $156,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.98 AC |
| Cap Rate | 6.34% | Building Size | 112,848 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1986 |
| Price | $1,255,000 |
| Price Per Unit | $156,875 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| 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 |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | - | - |
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PROPERTY TAXES
| Parcel Number | WATE-000471-000141-000003 | Improvements Assessment | $4,060 (2024) |
| Land Assessment | $1,330 (2024) | Total Assessment | $5,390 (2024) |
PROPERTY TAXES
Parcel Number
WATE-000471-000141-000003
Land Assessment
$1,330 (2024)
Improvements Assessment
$4,060 (2024)
Total Assessment
$5,390 (2024)
zoning
| Zoning Code | RS (Residential) |
| RS (Residential) |
-
Ari Bigi -
Group Realty LLC
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8 Units - Scott Road Condo Portfolio | 515 Scott Rd
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