Carriage Manor Care Facility
157 Hillside Ave Waterbury, CT 06710
157 Hillside Ave, Waterbury, CT, 06710
Contact for pricing
For Sale
Contact for pricing
25-bed residential care facility with apartment, fully renovated in 2011.
Property Size20,185 SF
Price / SF$297.25
Days on Market616
Property Features for 157 Hillside Ave
General Information
- Standard status
- Active
- Size
- 20,185 SF
- Property subtype
- Business for Sale, Senior Living, Special Purpose
Listing Agency
Reno Properties Group, LLC
(860) 212-4030
Listed by
Dan Garofalo · License #REB.0756346
Source
Crexi
Added: Nov 12, 2024 Updated: Jul 10 at 3:44 pm Checked: Jul 19 at 9:22 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reno Properties Group, LLC
Investment Insights
Based on property information with market context.
The Carriage Manor Residential Care Facility is available for sale, including both the business and real estate. The 25-bed facility is currently at 100% occupancy. The property was fully renovated in 2011 at a cost of $4,000,000. The building has elevator access to all 3 floors and includes a full commercial kitchen. A separate two-car garage is also present, which includes its own three-bedroom apartment. The property is conveniently located between Hartford and Danbury. The property size is 20,185 square feet.
Key Highlights
- Fully renovated in 2011 for $4,000,000
- 25‑bed facility at 100% occupancy
- Business and Real Estate included in sale
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $399.7k | $19.80 |
| − Vacancy | −$27.2k | −$1.35 |
| EGI | $372.5k | $18.45 |
| − OpEx | −$167.6k | −$8.30 |
| NOI | $204.9k | $10.15 |
20,185 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.93M
$2.56M – $3.41M
NOI $204,867 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $374,957 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carriage Manor LLC
Nursing Home
Similar For Sale Nearby
Similar Off Market Nearby
- Carriage Manor LLC — 157 Hillside Ave, Waterbury, CT 06710
- The Manor on Pine Street — 53 Pine St, Waterbury, CT 06710
- Grace House — 25 Abbott Terrace, Waterbury, CT 06702
- Deeper View Homemakers and Companion Services — 228 Meadow St #402, Waterbury, CT 06702
- Samuel Asomaning — 276 Highland Ave STE A2, Waterbury, CT 067083022
FAQs
What type of property is this?
Assisted living facility - 25-bed residential care facility with apartment, fully renovated in 2011.
Where is this assisted living facility located?
The property is located at 157 Hillside Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Fully renovated in 2011 for $4,000,000; 25‑bed facility at 100% occupancy; Business and Real Estate included in sale
