975 Meriden Rd - 11 Units - Chelsea Square Condominiums
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975 Meriden Rd - 11 Units - Chelsea Square Condominiums
9,980 SF Specialty Building Offered at $1,600,000 at a 7.49% Cap Rate in Waterbury, CT 06705
Investment Highlights
- Become the Largest Owner in this Condo Complex
- Bare Minimum Landlord Responsibilities - HOA Maintains Property
- Complex Features Below Market Rents and Updated Units
Executive Summary
2% of sales price to the buyer’s agent. Become the Largest Owner in This Well-Maintained Condo Complex featuring 2 Bedroom and 1 Bedroom Condos (Eleven Condo Unit Portfolio For Sale) on a High Traffic and Pedestrian Friendly Retail Corridor in a High-Income Area of Waterbury, Connecticut. This Offering Presents a Massive Value Add Opportunity with the Updated Interiors 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 |
$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 - 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 | $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 | $1,600,000 | Building Class | B |
| Price Per SF | $160 | Building Size | 9,980 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.49% | Year Built | 1987 |
| Property Type | Specialty |
| Price | $1,600,000 |
| Price Per SF | $160 |
| Sale Type | Investment |
| Cap Rate | 7.49% |
| Property Type | Specialty |
| Building Class | B |
| Building Size | 9,980 SF |
| No. Stories | 2 |
| Year Built | 1987 |
Amenities
- Property Manager on Site
- Air Conditioning
1 of 1
zoning
| Zoning Code | RM |
| RM |
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975 Meriden Rd - 11 Units - Chelsea Square Condominiums
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