227 Hillside Ave, Waterbury, CT 06710

Beds
12
Baths
6
Sqft
4,800

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Listed byOxford Realty
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Overview

Not your average multifamily! This fully renovated 6-unit investment property has been extensively upgraded with quality improvements rarely found in comparable assets. The building is 100% occupied, offering immediate cash flow, and consists of (6) spacious 2-bed, 1-bath apartments, each approx.. 800 SF. Current rents are below market, providing an excellent value-add opportunity through future rent adjustments. Each apartment has been nicely updated with white cabinetry, durable laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless entry systems with remote owner access. Major mechanical improvements include high-efficiency combi boilers, backup boilers and tankless water heaters for added reliability, plus a smart water meter with automatic leak detection and shutoff to help minimize maintenance concerns. Additional building enhancements include roof approx. 4yrs old, basement sprinkler systems, LED motion-sensor lighting throughout the common areas, security system, and a fire/emergency alarm system with a direct connection to the Fire Department. A coin/card-operated laundry room provides an additional source of income. Conveniently located with easy access to shopping, restaurants, public transportation, Downtown Waterbury, Route 8, and I-84. An exceptional turnkey investment offering strong in-place income, minimal deferred maintenance, and long-term upside. Can be purchased with multiple other buildings.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
12
Number of bathrooms
6
Square feet
4,800
Lot size (acres)
0.07
Year built
1920

Interior features

Basement
Yes, Finished

Utilities

Heating
Hot Water, Baseboard
Sewer
Public Sewer
Water
Public Water

Public schools

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Sourced from: Smart MLS MLS®#: 24191017 Last checked:

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