For Sale
$699,900

27 Johnson St Waterbury, CT 06710

15-Unit Apartment Building, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A, 15-unit apartment building presents a compelling investment opportunity in Waterbury, Connecticut's downtown district. Family-owned since the 1980s, this meticulously maintained property boasts a 12% cap rate and is currently generating income from 15 occupants, all under mandatory six-month leases. Each fully furnished unit includes a bed, refrigerator, microwave, dresser, mounted TV, and all necessary fixtures. The building features six full bathrooms and three half-baths, with some private and some shared (at an additional fee). All utilities are included in the rental price. Significant recent upgrades include a new roof (2009), vinyl siding, a direct vent boiler, and high-efficiency windows (2020). A state-of-the-art camera system enhances security. The property's advantageous location abuts the West Grove Street redevelopment project, a 46-unit townhouse development, promising future appreciation. The asking price is $699,900. Serious inquiries only; proof of funds and pre-qualification letter required for all appointments. Unauthorized access to the property is strictly prohibited. Located at 27 Johnson St, Waterbury, CT 06710.

Highlights

  • $699,900 asking price for a Class A multifamily investment property.
  • 15-unit apartment building in Waterbury, CT.
  • 12% cap rate.
  • Located in Waterbury's downtown district, near a new townhouse development.
  • Recently updated with a new roof (2009), vinyl siding, boiler (2020), and high-efficiency windows (2020).
  • Includes a state-of-the-art security camera system.

Property Details for 27 Johnson St

Property type
Apartment buildings
Class
A
Units
15

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.559957645334
Longitude
-73.048194614166

FAQs

What type of property is this?
Apartment building - 15-Unit Apartment Building, High Cap Rate
Where is the apartment building located?
The property is located at 27 Johnson St Waterbury, CT.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: $699,900 asking price for a Class A multifamily investment property.; 15-unit apartment building in Waterbury, CT.; 12% cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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27 Johnson St
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