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31108668
31108673

307 Washington Ave, Waterbury, CT 06708

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY
$3,960,000
137 days on market
Updated 8 days ago
Opportunity zone

44 Unit Portfolio in Brooklyn Center: Turn Key & Cash Flow

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,049
Units 44
Cap Rate 6.93%
NOI $274,485
Occupancy 90%
Pro-Forma Cap Rate 10.08%
Pro-Forma NOI $399,249
Price per SqFt $124
Class C
Year Built 1900
Year Renovated 2025
Buildings 6
Stories 4
Acreage 0.840
Zoning RH
Parking Spaces 30 spaces
Parking Per SqFt 0.94
Investment Type Value Add

44 Unit Portfolio in Brooklyn Center: Turn Key & Cash Flow

Marketing description

Oxford Realty is pleased to present this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms, modern flooring, and other in-unit improvements throughout most apartments. Many units have been turned, providing an investor with a strong combination of current cash flow and continued upside through ongoing rental increases. Each location features coin operated laundry and off street parking. This is a rare opportunity to acquire scale in Waterbury's Brooklyn neighborhood with well-maintained assets and proven rental demand.

Investment highlights

  • Brooklyn Center Neighborhood
  • 6 Buildings | 44 Units
  • Updated Units
  • Turn Key Properties
  • Historically Low Vacancy
  • Diverse Unit Mix
  • Off-Street Parking
  • Strong Rental Demand

Listing Contacts

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$274,485.00
$22,873.75/mo

Valuation Metrics

0
DSCR
6.93%
Cap Rate
6.93%
ROI

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Additional Information

Name
Amanda Faroni-Sheehan
License
REB.0793328 CT
Brokerage
Oxford Realty
Brokerage Phone
2033144219
Title
Managing Broker
Brokerage Address
151 New Park Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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