985 Bank Street

Waterbury, CT 06708 Directions
$4,500,000
  • 3Bed
  • 1Baths
  • 10,052Sqft
  • 0.17Acres
  • 1920Built
  • $448Price/Sqft

Property Highlights

  • Style: Units on different Floors,Units are Side-by-Side
  • Neighborhood: Brooklyn Center
  • Days on Market: 21
  • MLS: 24150336

Property Highlights

  • Style: Units on different Floors,Units are Side-by-Side
  • Neighborhood: Brooklyn Center
  • Days on Market: 21
  • MLS: 24150336

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

  • Style: Units on different Floors,Units are Side-by-Side
  • Neighborhood: Brooklyn Center
  • Days on Market: 21
  • MLS: 24150336

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.

Read MoreRead Less
  • Additional Information
    • Acres: 0.17
    • Basement Description: Full, Unfinished
    • Garage: Paved, Off Street Parking, Driveway
    • Gross Expenses: 194511
    • Gross Income: 493680
    • High School: Per Board of Ed
    • Is Occupied?: Tenant
    • Living Area SqFt: 10,052
    • Neighborhood: Brooklyn Center
    • Property Tax: $31,165
    • Sewer: Public Sewer Connected
    • Style: Units on different Floors, Units are Side-by-Side
    • Tax Amount: $31,165
    • Unit Count: 44
    • Year Built: 1920
    • Year Built Details: Public Records
    • Zoning: RH
  • Amenities
    • Park
    • Playground/Tot Lot
    • Public Rec Facilities
    • Public Transportation
    • Shopping/Mall
  • Interior Features
    • Air Conditioning: Window Unit
    • Beds: 3
    • Cooling: Window Unit
    • Full Baths: 1
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Hot Water: Natural Gas, Electric, Tank Size Unknown
    • Laundry Room: Coin Op Laundry, Common Laundry Area
    • Rooms: 5
    • Total Baths: 1
  • Exterior Features
    • Exterior Features: Sidewalk,Porch,Gutters,Lighting
    • Exterior Siding: Brick
    • Roof: Asphalt Shingle, Flat

Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty.

Click to view full screen