12 Coe St Waterbury, CT 06704
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 12 Coe St
- Year built
- 1908
- Property type
- Commercial real estate
Description
This exceptional three-unit apartment building presents a prime investment opportunity in Waterbury, Connecticut. Located at 12 Coe St, 06704, this property boasts a strong 8.03% capitalization rate and a current NOI of $34,128, with 100% occupancy. The building, constructed in 1908 and extensively renovated in 2016, comprises three stories and offers three spacious units, each featuring three bedrooms and one bathroom. The 2016 renovation was comprehensive, encompassing new kitchens, bathrooms, flooring, plumbing, electrical systems, HVAC, and roofing, ensuring minimal ongoing maintenance. Each unit includes separate utilities (gas heat and hot water) paid by the tenants. The asking price is $425,000, translating to $141,667 per unit. This turnkey property benefits from a convenient location providing easy access to major highways and public transportation, making it an attractive investment with significant cash flow potential. The building's solid construction and recent renovations promise a stable and profitable investment for years to come. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0323803
- Latitude
- 41.5562588
