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81 Draher St

3 Unit Apartment Building $649,900 ($216,633/Unit) 8.78% Cap Rate Waterbury, CT 06708

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

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $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
Lot Size 0.13 AC
Building Size 3,367 SF
No. Stories 2
Year Built 1900
Opportunity Zone Yes

zoning

Zoning Code RM (111 - Apartment Bldg - 4-8 Units)
RM (111 - Apartment Bldg - 4-8 Units)
  • Listing ID: 34343713

  • Date on Market: 1/2/2025

  • Last Updated:

  • Address: 81 Draher St, Waterbury, CT 06708

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