25 PIEDMONT ST WATERBURY CT 06706
25-Unit Multifamily | 8.50% Cap Rate | Three Buildings on One Parcel
Marketing description
25-37 Piedmont St is a 25-unit multifamily investment comprised of three buildings on one parcel with a shared parking lot. The property offers a desirable unit mix of studios, 1-bedroom, and 2-bedroom apartments, with many units recently renovated and positioned for continued rent growth. Stabilized performance targets an attractive 8.50% cap rate with an estimated 11.5% cash-on-cash return at entry, making this a compelling income-producing opportunity in a steady rental market. Inquire today for package pricing, financials, and next steps.
Investment highlights
25-unit multifamily investment comprised of three buildings on one parcel with a shared parking lot
Desirable unit mix of studios, 1-bedroom, and 2-bedroom apartments
Many units recently renovated and positioned for continued rent growth
8.50% cap rate with an estimated 11.5% cash-on-cash return at entry
Gross Income: $351,000 | Net Income: $212,245
Year Built: 1972 | 7,068 SqFt | 0.21 Acres
20 parking spaces | New Haven County, Waterbury, CT
Open to package deal with 815 E Main
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