12 days on market
Under Contract
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1215 Bank Street, Waterbury CT 06708

Current Price: $495,000

11 beds 4 baths 3182 sq. ft

Last Update: 11/23/2024

Property Type: Multi-Family For Sale

Public Remarks

Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property has a very strong rent roll and a vacant unit available for primary homeowners. This property yields a 22% return at full market values, amounting to a yearly net cash flow of $39,000. There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up. Three of the four units have undergone substantial renovations over the last 2 years. The property also features updated electric panels, newer mechanicals, off-street parking, and a BRAND NEW ROOF, with tenant paid utilities. FHA eligible.

Map to Property at 1215 Bank Street, Waterbury CT 06708


1215 bank st, Waterbury, Ct Park street side

Residential Property Information for 1215 Bank Street, Waterbury CT 06708

MLS #: 24055812

Style: 4updown - Unit(s) per Floor

Color:

Total Rooms:

Bedrooms: 11

Bathrooms: 4

Acres: 0.18

Year Built: 1890 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $10,251

Zoning: RM

Mil Rate:

Assessed Value: $207,340 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 3182; below grade sq feet total is ; total sq ft is 3182

Features
Fireplaces: 0
Basement Desc.: Full,Concrete Floor
Exterior Siding: Vinyl Siding
Foundation: Block
Roof: Shingle
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: N/A
Occupied: Tenant
Utility Information

Hot Water System Upright Tank

Heat Type: Hot Water

Fueled By: Natural Gas.

Cooling: None

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $495,000

Original List Price: $495,000

DOM: 12

Listing Date: 10/24/2024

Last Updated: 11/5/2024 7:09:48 PM

Listing Agent and Broker

List Agent Name: Anthony Velez

List Office Name: Realty Exclusive LLC