5 Hill Street, Waterbury, CT 06704
5 Hill Street, Waterbury, CT 06704
5 Hill Street, Waterbury, CT 06704
5 Hill Street, Waterbury, CT 06704
5 Hill Street, Waterbury, CT 06704
5 Hill Street, Waterbury, CT 06704
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Islam Ahmad

Islam Ahmad

+1(203) 805-9007
$ 800,000
Est. payment | /mo

18 Beds

6 Baths

9,684 SqFt

Save
$ 800,000
Est. payment | /mo
Save

18 Beds

6 Baths

9,684 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 9,684 sqft

Price per Sqft $82

MLS Listing ID 24202768

Style Units on different Floors

Bedrooms 18

Full Baths 6

Year Built 1909

Annual Tax Amount $16,043

Lot Size 5,227 Sqft

Property Sub-Type 5 Family+

Property Description

Exceptional 7-Unit Mixed-Use Investment Opportunity Well-maintained 7-unit mixed-use property featuring six spacious 3-bedroom residential apartments and one commercial storefront. The property is currently operating at a solid 8% CAP rate with strong rent upside, offering investors attractive in-place cash flow with additional potential through future rent growth. Many of the residential units have been renovated and feature updated kitchens and bathrooms, vinyl plank and hardwood flooring, and spacious layouts. Additional improvements throughout the property, including well-maintained mechanicals, allow investors to benefit from existing upgrades while still having opportunities to further enhance the property and increase rents over time. Utilities are separately metered and tenant-paid, helping reduce operating expenses and improve overall investment performance. A 12-car parking lot located directly across the street is included in the sale, providing valuable off-street parking for tenants. Conveniently located near Downtown Waterbury, St. Mary's Hospital, shopping, grocery stores, public transportation, and major highways, this property offers a compelling combination of strong in-place cash flow, recent renovations, significant rent upside, and long-term appreciation potential.

Location

State CT

County New Haven

Zoning RM

Rooms

Basement Full

Interior

Heating Hot Air

Cooling Window Unit

Exterior

Parking Features Parking Lot

Waterfront Description Not Applicable

Roof Type Flat

Building

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Vianeliz Henriquez • Sky Realty Group

Nearby Locations

Islam Ahmad

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(203) 805-9007

islam.realbroker@gmail.com

100 Pearl St, FL 14 Hartford, CT 06103-4500, USA

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5 Hill Street