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Investment Opportunity w/ 10+% CAP Proforma 46 Wyman St

3 Unit Block of Flats £363,839 (£121,280/Unit) 5.74% Net Initial Yield Waterbury, CT 06710

Investment Highlights

  • Fully Occupied
  • 3 Car-Detached Garagae
  • Rents Below Market = Room to Increase
  • Off-Street Parking
  • Separate & Tenant Paid Utilities
  • 10+% CAP Pro-forma

Executive Summary

Don't miss this renovated 3-family property w/3 car garage in Waterbury's Waterville neighborhood. Large, 3 bed/1 bath apartments, roughly 1,340 SF each with 100% occupancy. All three units have been renovated within the last few years. The utilities are separate and tenant paid - gas heat, HW & cooking. Electric is also updated to circuit breakers and tenant paid. Rents are below market offering upside with 10% pro-forma CAP rate. There is a 3-car detached garage for additional rental income or storage + off-street parking also available. Low expenses and low maintenance make this a great investment opportunity.

Property Facts

Price £363,839
Price Per Unit £121,280
Sale Type Investment
Net Initial Yield 5.74%
No. Units 3
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.21 AC
Building Size 4,029 SF
Average Occupancy 100%
Number of Floors 3
Year Built/Renovated 1904/2020
Parking Ratio 1.99/1,000 SF

Unit Amenities

  • Cable Ready
  • Washer/Dryer Hookup
  • Eat-in Kitchen
  • Wooden Floors
  • Refrigerator
  • Range
  • Tub/Shower
  • Handrails
  • Pantry

Site Amenities

  • Laundry Facilities
  • Rubbish Collection - Kerbside
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 3 £958.50 1,340

zoning

Zoning Code RM
RM
  • Listing ID: 33908574

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 46 Wyman St, Waterbury, CT 06710

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