VALUE ADD | Big 4 Family | ARV $450,000 121 Hillview Ave

4 Unit Block of Flats £283,601 (£70,900/Unit) 6.95% Net Initial Yield Waterbury, CT 06704

Investment Highlights

  • Big 4 Family
  • Detached Garage
  • TONS OF POTENTIAL
  • Separate & Tenant Paid Utilities
  • Rents Way Below Market = VALUE ADD
  • ARV Upwards of $450,000

Executive Summary

TONS OF POTENTIAL in this semi-updated 4 family with good unit mix. Property offers vinyl siding and replacement windows. At least two units need updating. Separate and tenant paid utilities - heat, HW and electric. Nice corner lot with a small driveway in back + detached garage for storage or additional income. Rents are way below market = good value add. ARV upwards of $450,000. Great opportunity!

Property Facts

Price £283,601
Price Per Unit £70,900
Sale Type Investment
Net Initial Yield 6.95%
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.20 AC
Building Size 3,932 SF
Average Occupancy 50%
Number of Floors 3
Year Built 1980
Parking Ratio 1.27/1,000 SF

Site Amenities

  • Laundry Facilities
  • Rubbish Collection - Kerbside
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 £850.80 -

PROPERTY TAXES

zoning

Zoning Code RL
  • Listing ID: 32126964

  • Date on Market: 13/06/2024

  • Last Updated:

  • Address: 121 Hillview Ave, Waterbury, CT 06704