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Discover Your Next Cash Cow: Invest in this High-Yield 7-Unit Rental Property
Discover Your Next Cash Cow: Invest in this High-Yield 7-Unit Rental Property

5 HILL STREET WATERBURY,  CT  06704 

LIST PRICE: $550,000     UNITS: 7

MONTHLY INCOME

Store: $1500

Apt A: $650

Apt B: $995

Apt C: $1000

Apt D: $875

Apt E: $1000

Apt F: $1150

MONTHLY EXPENSES

Taxes:  $750

Utilities: $280 

Insurance:  $350 

Management:  $556 

Maintenance:  $695 

INVESTMENT HIGHLIGHTS

THE PROPERTY:

5 Hill Street consists of a three-story, mixed use building containing six (6) 3-Bedroom/1- Bathroom units and 1 retail store with 9,684 square feet of living area in 10,010 total square feet, on a 0.12-acre parcel.

THE LOCATION:

5 Hill Street, Waterbury, is located in the western part of Connecticut, within a population of approximately 110,000 people. Waterbury has a diverse economy with manufacturing, healthcare, and education industries. The city is home to the University of Connecticut Waterbury Campus and Naugatuck Valley Community College. 

SEPARATE UTILITIES:

Each unit, efficiently managed by property management in Waterbury CT, is separately metered for electricity, gas-fired heat, and gas-fired hot water, ensuring streamlined tenant payments.

BUILDING AMENITIES:

The Property includes eight (8) off-street parking spaces and an on-site retail grocery store.

STRONG DEMOGRAPHICS:

More than 82,200 people live within 3-miles of the Property with an average household income of $59,500. An impressive 114,600+ people live within 5 miles of the Property, with an average household income of $63,470. 

TURN-KEY ASSET:

In-place leases and management with three out of seven tenants currently on month-to-month leases create the opportunity to significantly increase the rents without any capital improvements.

This property is managed by professional property management companies in CT. For more information, check out the available rentals now.

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