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819 Straits Turnpike Suite 3B

Middlebury, CT 06762

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56 Chambers Street, Waterbury, CT

56 Chambers St, Waterbury, CT 06708, USA
$1,050,000

Description

 

  • Brand New 5-Unit Apartment Building / Possible Condo Conversion
  • Located in the “Town Plot” Area of Waterbury
  • Close proximity to local schools
  • 3 Bedroom, 1.5 Bath Townhouse with Garage (2 car deep)
  • Separate Patio
  • 1,920 SF +/- each
  • Central HVAC for each unit
  • Stove, Refrigerator, Dishwasher Included
  • Granite Countertops
  • Anticipated Completion – JULY 2022
  • Projected Monthly Rental Rate = $1,600.00 per Unit / $8,000.00 per Month
  • Projected Annual Gross Income = $96,000.00

 

SALES PRICE –  $1,050,000.00

 

Sales Price  $1,050,000.00
Property Address 56 Chambers Street, Waterbury
Number of Buildings 1
Number of Stories 3
Year Built 2022
Percent Occupied Vacant
Construction / Structural Wood
Construction / Exterior Vinyl Throughout
Foundation Concrete
Roof Pitched
Roof Material 30 Year Architectural
Windows Double Hung Thermopane
Gutters Aluminum
Floor Covering Vinyl
Walls Sheetrock
Ceilings Sheetrock
Interior Doors Masonite
Utilities Available Water/Sewer/Electric/Gas

100 Amp per unit

PROPERTY OVERVIEW

 

  • 56 Chambers Street, Waterbury consists of Five / Three Bedroom Townhouse Apartments with Garages
  • Wood and Vinyl Construction
  • Flooring coverings consist of Vinyl Plank Flooring throughout
  • Kitchen contains wall and base cabinets, refrigerator, electric stove and single basin stainless steel sink
  • Granite countertops with an Island Design
  • The new owner will enjoy the financial benefits of purchasing this property and having a steady cash flow to match area rentals with very little maintenance

 

INTERIOR SUMMARY:

 

  • Heat Gas Hot Air
  • Heat Paid By: Tenant
  • Fuel: Gas
  • Hot Water: Hot Water Storage Tanks / Individual
  • Hot Water Paid By: Tenant
  • Air Conditioning Individual Central HVAC

 

MULTI FAMILY DETAILS:

 

  • Total Units 5
  • Bedrooms 3 per Unit
  • Cabinets Wooden
  • Countertops: Granite
  • Appliances Electric Stove, Refrigerator, Dishwasher
  • 1 Full Bath Combination Tub/Shower /Vanity
  • 1 Half Bath
  • Amenities Laundry Hook-Ups in each Unit
  • Garages

 

SALES PRICE: $1,050,000.00

PROJECTED OPERATING STATEMENT

INCOME AND EXPENSES:

 

  • Apartment Rental Income
  • 5 Units at $1,600.00 = $8,000.00 per Month /  $96,000.00 per Year

 

GROSS INCOME $96,000.00

UTILITIES:

 

  • Owner’s Electric $1,200.00
  • Sewer and Water $1,800.00

 

OPERATING EXPENSES:

 

  • Insurance $ 4,000.00
  • Lawn / Snow Removal $ 2,000.00
  • Refuse Removal (City Available)

 

TOTAL OPERATING EXPENSES $ 9,000.00

NET OPERATING INCOME $ 87,000.00

REAL ESTATES TAXES To Be Determined

LOCATION AND SITE DETAILS

PROPERTY LOCATION AND DESCRIPTION

56 Chambers Street is located approximately ¼ Mile from Interstate 84 along Highland Avenue in a residential area referred to as “Town Plot”

The area is mainly single and small multi family homes.

With a history of stable ownership, the properties surrounding this building are well maintained and show a pride of ownership, making for a quality multi-family location.

SITE DETAILS:

 

  • Acres 0.37
  • Type of Parking Surface
  • Topography Level
  • Shape Square
  • Sewer / Water Municipal

 

 

Property Documents

  • 56 Chambers Street, Waterbury, CT
  • Address: 56 Chambers Street
  • City: Waterbury
  • State/county: Connecticut
  • Zip/Postal Code: 06708
  • Country: United States

Detail

Updated on May 12, 2022 at 4:03 pm

  • Property ID: MCP-6011
  • Price: $1,050,000
  • Property Size: 1600 S/F +/-
  • Bedrooms: 3 bedrooms each unit
  • Garage: 1 each unit
  • Garage Size: 2 cars deep
  • Year Built: 2022
  • Property Type: Multifamily
  • Property Status: For Sale

Contact info

Noah Matthews
Noah Matthews

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