61 Dover St Waterbury, CT 06706
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 61 Dover St
- Year built
- 1900
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a two-unit apartment building located at 61 E Dover St, Waterbury, CT 06706. Built in 1900, this two-story building offers a compelling 9.26% cap rate and a strong net operating income (NOI) of $23,141. The asking price is $249,999, translating to $124,999.50 per unit. The property features two distinct units: a three-bedroom, one-bathroom unit on the first floor and a two-bedroom, one-bathroom unit with an added office space on the second floor. Recent improvements include fresh exterior paint, new flooring throughout, and a recently installed water heater. Each unit boasts separate utilities, paid by the tenants, adding to the property's financial appeal. Residents enjoy the convenience of a private driveway providing off-street parking. This property benefits from an ideal location, offering easy access to major highways and public transportation options, making it attractive to a wide range of tenants. This is a turnkey investment ready for immediate cash flow. The property is situated in New Haven County, Connecticut.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0366296
- Latitude
- 41.5486455
