Congress Ave Portfolio
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Congress Ave Portfolio
4 Properties Offered at $1,450,000 in Waterbury, CT
Investment Highlights
- Secure, off-street parking available for all tenants.
- Strong rental demand in a high-growth neighborhood.
- Spacious apartments with in unit washer and dryers.
- Robust public transportation services in the immediate area.
Executive Summary
Investment Portfolio Opportunity: 80 Congress Ave, 84 Congress Ave, 90 Congress Ave, & 93 Green St - Brooklyn Neighborhood, Waterbury, CT
Presenting a unique portfolio of 13 residential apartments and 1 convenience store across four well-maintained properties in the desirable Brooklyn neighborhood of Waterbury, CT. This stable investment offers immediate income with a strong return, including a 9.5% CAP rate, 15% ROI and 1.80 DSCR .
Portfolio Overview:
80 Congress Ave: 2 unit residential property, includes 3 covered garages with new roof.
84 Congress Ave: 5 unit residential property.
90 Congress Ave: 4 unit mixed-use building, featuring residential units and a convenience store.
93 Green St: 3 family residential property.
Unit Breakdown:
4 Three-bedroom apartments
2 Two-bedroom apartments
6 One-bedroom apartments
1 Studio apartment
All units are currently leased, with no vacancies, and rents are slightly below market, leaving room for future growth.
Features:
Secure, off-street parking available for all tenants.
Spacious apartments with in unit washer and dryers.
Strong rental demand in a high-growth neighborhood.
Robust public transportation services in immediate area.
This portfolio is an ideal investment for those seeking a well-performing asset with potential for rent increases and long-term appreciation.
Presenting a unique portfolio of 13 residential apartments and 1 convenience store across four well-maintained properties in the desirable Brooklyn neighborhood of Waterbury, CT. This stable investment offers immediate income with a strong return, including a 9.5% CAP rate, 15% ROI and 1.80 DSCR .
Portfolio Overview:
80 Congress Ave: 2 unit residential property, includes 3 covered garages with new roof.
84 Congress Ave: 5 unit residential property.
90 Congress Ave: 4 unit mixed-use building, featuring residential units and a convenience store.
93 Green St: 3 family residential property.
Unit Breakdown:
4 Three-bedroom apartments
2 Two-bedroom apartments
6 One-bedroom apartments
1 Studio apartment
All units are currently leased, with no vacancies, and rents are slightly below market, leaving room for future growth.
Features:
Secure, off-street parking available for all tenants.
Spacious apartments with in unit washer and dryers.
Strong rental demand in a high-growth neighborhood.
Robust public transportation services in immediate area.
This portfolio is an ideal investment for those seeking a well-performing asset with potential for rent increases and long-term appreciation.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,450,000 | Status | Active |
| Price / SF | $142.51 / SF | Number of Properties | 4 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 10.16% | Total Building Size | 10,175 SF |
| Sale Type | Investment | Total Land Area | 0.42 AC |
| Price | $1,450,000 |
| Price / SF | $142.51 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 10.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 10,175 SF |
| Total Land Area | 0.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 90-92 Congress Ave, Waterbury, CT 06708 | Retail | 2,795 SF | 1915 | - |
| 80 Congress Ave, Waterbury, CT 06708 | Multifamily | 1,832 SF | 1930 | - |
| 82-86 Congress Ave, Waterbury, CT 06708 | Multifamily | 3,438 SF | 1901 | - |
| 93 Green St, Waterbury, CT 06708 | Multifamily | 2,110 SF | 1910 | - |
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Andrew Stein -
Vanguard Private Client Group
1 of 34
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Congress Ave Portfolio
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