27 Johnson St Waterbury, CT 06710-1872

This exceptional Class A, 15-unit apartment building presents a compelling investment opportunity in Waterbury, Connecticut's downtown district. Family-owned since the 1980s, this meticulously maintained property boasts a 12% cap rate and is currently generating income from 15 occupants, all under mandatory six-month leases. Each fully furnished unit includes a bed, refrigerator, microwave, dresser, mounted TV, and all necessary fixtures. The building features six full bathrooms and three half-baths, with some private and some shared (at an additional fee). All utilities are included in the rental price. Significant recent upgrades include a new roof (2009), vinyl siding, a direct vent boiler, and high-efficiency windows (2020). A state-of-the-art camera system enhances security. The property's advantageous location abuts the West Grove Street redevelopment project, a 46-unit townhouse development, promising future appreciation. The asking price is $699,900. Serious inquiries only; proof of funds and pre-qualification letter required for all appointments. Unauthorized access to the property is strictly prohibited. Located at 27 Johnson St, Waterbury, CT 06710.