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- LoopNet Team
89 Elmwood Ave
Waterbury, CT 06710
Build-to-Rent Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- 10% Cap
- Updated Electrical, Remodeled Units
- 100% Occupied w/Leases
- Updated w/Vinyl Siding + Replacement Windows
PROPERTY FACTS
| No. Units | 2 | Property Size | 3,051 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1908 |
| Costar Property Class | C | Parking Allocation | 0.66/1,000 sq ft |
| Total Plot Size | 0.59 ac | ||
| Use Class | RM | ||
| No. Units | 2 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.59 ac |
| Property Size | 3,051 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1908 |
| Parking Allocation | 0.66/1,000 sq ft |
| Use Class | RM |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Porch
ABOUT 89 ELMWOOD AVE , WATERBURY, CT 06710
Opportunity to own a large, remodeled duplex with 10% CAP rate. This property is updated with vinyl siding, some replacement windows, remodeled units – kitchens, baths, paint, hardwood floors, updated electrical + a new boiler at #89. #89 is a large, three-story, 5 bed/2 bath apartment with gas heat – tenant paid. #93 is a large, two-story 3 bed/1 bath apartment with oil heat – tenant paid. There is off-street parking available for each side. This is a great investment for someone looking to start off or add to their investment portfolio with a turn key asset, stable tenant base + income producer with low maintenance. 10% CAP #89 – 5 Bed Unit Gas Heat – Tenant Paid Section 8 + Newer Boiler at #89 #93 – 3 Bed Unit Oil Heat – Tenant Paid 100% Occupied w/Leases Updated w/Vinyl Siding + Replacement Windows + Updated Electrical, Remodeled Units 2 Off-Street Parking Spaces
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 5+1 | 1 | - | - |
