985 Bank Street

Waterbury, CT 06708 Directions
$4,500,000
  • 44Baths
  • 32,049Sqft
  • 0.17Acres
  • 1920Built
  • $140Price/Sqft

Property Highlights

  • Neighborhood: Brooklyn Center
  • Days on Market: 21
  • MLS: 24150354

Property Highlights

  • Neighborhood: Brooklyn Center
  • Days on Market: 21
  • MLS: 24150354

Don't miss this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms,...

Property Highlights

  • Neighborhood: Brooklyn Center
  • Days on Market: 21
  • MLS: 24150354

Don't miss this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms, modern flooring, and other in-unit improvements throughout most apartments. Many units have been turned, providing an investor with a strong combination of current cash flow and continued upside through ongoing rental increases. Each location features coin operated laundry and off street parking. This is a rare opportunity to acquire scale in Waterbury's Brooklyn neighborhood with well-maintained assets and proven rental demand.

Don't miss this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms, modern flooring, and other in-unit improvements throughout most apartments. Many units have been turned, providing an investor with a strong combination of current cash flow and continued upside through ongoing rental increases. Each location features coin operated laundry and off street parking. This is a rare opportunity to acquire scale in Waterbury's Brooklyn neighborhood with well-maintained assets and proven rental demand.

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  • Additional Information
    • Acres: 0.17
    • Area Type: Highway Access, Downtown
    • Garage: Paved, Off Street Parking
    • Gross Expenses: 194511
    • Gross Income: 493680
    • Is Occupied?: Tenant
    • Living Area SqFt: 32,049
    • Neighborhood: Brooklyn Center
    • Present Use: residential
    • Property Tax: $31,165
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer Connected
    • Tax Amount: $31,165
    • Unit Count: 44
    • Utilities Available: Electric, Gas, Phone Available, Cable Available
    • Year Built: 1920
    • Zoning: RH
  • Interior Features
    • Air Conditioning: Window Unit
    • Cooling: Window Unit
    • Flooring: Tile, Vinyl, Wall-to-Wall Carpet, Wood
    • Full Baths: 44
    • Furnace Type: Electric, Natural Gas
    • Heat: Electric, Natural Gas
    • Heat Fuel: Electric, Natural Gas
    • Living SqFt Source: Public Records
    • Stories: 4
    • Total Baths: 44
  • Exterior Features
    • Exterior Features: Sidewalk,Gutters,Lighting
    • Roof: Asphalt Shingle, Flat

Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty.

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