81 Draher St 3 Unit Apartment Building $649,900 ($216,633/Unit) 8.78% Cap Rate Waterbury, CT 06708
INVESTMENT HIGHLIGHTS
- Seller Financing is available
EXECUTIVE SUMMARY
81 Draher is a well-maintained 3-unit property, which was originally converted from 4 units, presenting a fantastic opportunity for investors seeking to add a cash-flowing property with significant upside potential to their portfolio. Owner-occupants may also find this property appealing due to its strong cash flow and excellent condition. With the possibility of being converted back into 4 units and currently offered at an impressive 8.8% Cap rate, this opportunity is not one to be missed!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $649,900 |
| Price Per Unit | $216,633 |
| Sale Type | Investment |
| Cap Rate | 8.78% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,367 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | RM - 111 - Apartment Bldg - 4-8 Units |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 of 1
CONTACTS
-
Sandy Strickling -
Zack Burnett -
Sky Realty Group
