Hill St

96 Hill Street, Waterbury, CT 06704
$795,000 Price
10 Spaces Parking
8% Current Cap Rate
$132,500 Proforma Cap Rate
6 Number of Units
83% Occupancy

Investment Highlights

  • Completely Turnkey Asset – Extensive interior renovations, modern finishes, a newer roof (approx. 4 years old), and minimal deferred maintenance provide a low-maintenance investment from day one.
  • Apartments have been renovated throughout with new kitchens, durable laminate flooring, updated appliances and fixtures. The roof is approximately 4 years old.
  • Strong Unit Mix & Income Stability – Six residential units consisting of (2) 3-bedroom and (4) 2-bedroom apartments offer broad tenant appeal and consistent long-term rental demand.
  • Operational Efficiency – Keyless entry with remote owner access, on-site laundry for additional revenue, and ample off-street parking enhance both management efficiency and tenant satisfaction.
  • Portfolio Expansion Opportunity – Available individually or as part of a larger multifamily portfolio, providing investors with the flexibility to scale their holdings.

Location Highlight

  • Conveniently located with easy access to Downtown Waterbury, shopping, restaurants, public transportation, Route 8, and I-84. A top-notch investment opportunity for buyers seeking a truly turnkey asset with quality renovations, strong long-term income potential, and virtually no improvement needs.

Location & Neighborhood

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