S Main St Portfolio
675, 685 & 701 S Main St, Waterbury CT
Number of Units
25
Number of Properties
6
Total Building SF
20449
Total Land Acres
.55
Sale Price
$2,700,000
Cap Rate (Actual)
8.30%
Cap Rate (Pro-forma)
12.40%
 
 
 
Investment Overview
Turn-key portfolio with well-maintained apartment buildings. Almost completely renovated in 2017, including roofs, windows, siding, porches & unit upgrades.
Favorable unit mix, consisting of: (6) 4 bed units; (11) 3 bed units and (6) 2 bed units.
Strong in-place income with upside potential through rental upside.
The property’s desirable location drives steady tenant interest and occupancy. Convenient access to employment centers, transportation and highway access.
S Main St Portfolio
701 S Main St, Waterbury, CT 06706
$2,700,000
Number of Units
7
Land Acres
.12
Year Built
1900
Building SF
7,728
# of parcels
1
Year Renovated
2017
S Main St Portfolio
675 S Main St front, Waterbury, CT 06706
$2,700,000
Number of Units
6
Land Acres
.20
Year Renovated
2017
Building SF
6,708
Year Built
1890
# of parcels
1
S Main St Portfolio
675 S Main St back, Waterbury, CT 06706
$2,700,000
Number of Units
3
Year Built
1890
# of parcels
1
Land Acres
.20
Year Renovated
2017
S Main St Portfolio
685 S Main St right, Waterbury, CT 06706
$2,700,000
Number of Units
4
Year Built
1955
Building SF
3,981
Year Renovated
2017
S Main St Portfolio
685 S Main St left, Waterbury, CT 06706
$2,700,000
Number of Units
2
Year Built
1900
# of parcels
1
Building SF
1,718
Year Renovated
2017
S Main St Portfolio
685 S Main St rear, Waterbury, CT 06706
$2,700,000
Number of Units
3
Year Built
1900
# of parcels
1
Building SF
1,748
Year Renovated
2017