27 Johnson St Waterbury, CT 06710-1872

Property Details for 27 Johnson St

Year built

1900

Lot size

0.07 lot acres

Property size

4,026 SF

Zone code

RM

Property type

Residential income homes

Property subtype

Serviced apartments

APN

WBRY M:0253 B:0058 L:0021

APU

WBRYM0253B0058L0021

Description

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.