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Cash Flowing Mixed-Use Property 68 Willow St

9 Unit Apartment Building $649,900 ($72,211/Unit) 11.64% Cap Rate Waterbury, CT 06710

Apartment Buildings Connecticut Waterbury 68 Willow St, Waterbury, CT 06710

Investment Highlights

  • Corner of Pine & Willow
  • Separate & Tenant Paid Utilities
  • 21% ROI
  • Mixed-Use: 7 Apartments + 2 Retail
  • ON-Street Parking Only
  • Current Cash Flow + Room to Increase Rents

Executive Summary

21% ROI Opportunity! Check out this large mixed-use building on the corner of Willow & Pine St with a total of 9 Units. There are (6) 2 bed/1 bath apartments, 1 studio and 2 retail spaces. The utilities are separate and tenant paid - Heat, HW, cooking and electric. There is ON-Street parking only and no yard for minimal maintenance/$ to upkeep. Can be purchased as part of a larger portfolio. 11+% CAP cash flowing currently.

Property Facts

Price $649,900 Apartment Style Garden
Price Per Unit $72,211 Building Class C
Sale Type Investment Lot Size 0.15 AC
Cap Rate 11.64% Building Size 6,093 SF
Sale Conditions Bulk/Portfolio Sale Average Occupancy 90%
No. Units 9 No. Stories 3
Property Type Multifamily Year Built/Renovated 1890/2020
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $649,900
Price Per Unit $72,211
Sale Type Investment
Cap Rate 11.64%
Sale Conditions Bulk/Portfolio Sale
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Garden
Building Class C
Lot Size 0.15 AC
Building Size 6,093 SF
Average Occupancy 90%
No. Stories 3
Year Built/Renovated 1890/2020
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Cable Ready
  • Eat-in Kitchen
  • Handrails
  • Porch

Site Amenities

  • Trash Pickup - Curbside
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 $1,050 -
Studios 1 $900.00 -
1 of 1
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number WATE-000253-000064-000146 Improvements Assessment $268,170
Land Assessment $30,450 Total Assessment $298,620

PROPERTY TAXES

Parcel Number
WATE-000253-000064-000146
Land Assessment
$30,450
Improvements Assessment
$268,170
Total Assessment
$298,620

zoning

Zoning Code RO
RO
(203) 314-4219

  • Listing ID: 32138310

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 68 Willow St, Waterbury, CT 06710

More public record information on 68 Willow St, Waterbury, CT 06710

The Waterbury Multifamily Property at 68 Willow St, Waterbury, CT 06710 is currently available. Contact Oxford Realty for more information.

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Cash Flowing Mixed-Use Property | 68 Willow St
(203) 314-4219 x

Cash Flowing Mixed-Use Property | 68 Willow St

Amanda Faroni-Sheehan

(203) 314-4219

(203) 314-4219

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