Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property has a very strong rent roll and a vacant unit available for primary homeowners. This property yields a 22% return at full market values, amounting to a yearly net cash flow of $39,000. There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up. Three of the four units have undergone substantial renovations over the last 2 years. The property also features updated electric panels, newer mechanicals, off-street parking, and a BRAND NEW ROOF, with tenant paid utilities. FHA eligible.
Sold for $495,000 on 12/11/24
$495,000
1215 Bank Street, Waterbury, CT 06708
11beds
3,182sqft
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$156/sqft
$1,785 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,785/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 14, 2024 at 10:53am
Listed by:
Anthony Velez 860-519-3800,
Realty Exclusive LLC
Bought with:
Christopher Germosen, RES.0830851
King Realty Group LLC
Source: Smart MLS,MLS#: 24055812
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater
Features
- Basement: Full,Concrete
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 3,182
- Total interior livable area: 3,182 sqft
- Finished area above ground: 3,182
Property
Parking
- Parking features: None
Lot
- Size: 7,840 sqft
Details
- Parcel number: 1391781
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4updown - Unit(s) per Floor
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waterbury
- Subdivision: Town Plot
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2024 | Sold | $495,000$156/sqft |
Source:  Smart MLS #24055812 | ||
| 11/5/2024 | Pending sale | $495,000$156/sqft |
Source: Smart MLS #24055812 | ||
| 10/24/2024 | Listed for sale | $495,000-1%$156/sqft |
Source: Smart MLS #24055812 | ||
| 6/10/2024 | Listing removed | -- |
Source: Smart MLS #24021258 | ||
| 5/29/2024 | Listed for sale | $499,900+42.8%$157/sqft |
Source: Smart MLS #24021258 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,326 -9% | $207,340 |
| 2024 | $10,251 -8.8% | $207,340 |
| 2023 | $11,236 +90.8% | $207,340 +112% |
Find assessor info on the county website
Neighborhood: Brooklyn
Nearby schools
GreatSchools rating
- 4/10Duggan SchoolGrades: PK-8Distance: 0.2 mi
- 1/10John F. Kennedy High SchoolGrades: 9-12Distance: 0.7 mi
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