For Sale
$425,000

12 Coe StWaterbury, CT 06704

Turnkey Multifamily Investment, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional three-unit apartment building presents a prime investment opportunity in Waterbury, Connecticut. Located at 12 Coe St, 06704, this property boasts a strong 8.03% capitalization rate and a current NOI of $34,128, with 100% occupancy. The building, constructed in 1908 and extensively renovated in 2016, comprises three stories and offers three spacious units, each featuring three bedrooms and one bathroom. The 2016 renovation was comprehensive, encompassing new kitchens, bathrooms, flooring, plumbing, electrical systems, HVAC, and roofing, ensuring minimal ongoing maintenance. Each unit includes separate utilities (gas heat and hot water) paid by the tenants. The asking price is $425,000, translating to $141,667 per unit. This turnkey property benefits from a convenient location providing easy access to major highways and public transportation, making it an attractive investment with significant cash flow potential. The building's solid construction and recent renovations promise a stable and profitable investment for years to come. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.

Highlights

  • $425,000 asking price for a three-unit apartment building in Waterbury, CT.
  • 8.03% cap rate with a $34,128 Net Operating Income (NOI).
  • 100% occupancy.
  • Three 3-bed, 1-bath units, each with separate utilities.
  • Completely renovated in 2016 (kitchens, bathrooms, flooring, plumbing, electrical, HVAC, and roof).

Property Details for 12 Coe St

Property type
Apartment buildings
Year Built/Renovated
1908/2016
Buildings
1
Stories
3
Units
3

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.5562588
Longitude
-73.0323803
12 Coe St, Waterbury, Connecticut

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12 Coe St
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