Would like to sell as a package price $455,000 with 112 Cooke St Waterbury, (See listing MLS No.: 170177327). This well maintained & very easy to rent CASH COW built in 1986. 4 One bed units with individual garages are extremely desirable to tenants and are a rare commodity. Each Unit has separate utilities, with 4 zones for elect baseboard heat. All units have their own breaker box, hot water heater, and water shutoff. Very easy to rent & keep rented as they are in a very desirable price range. Typically tenants stay for many years. We have a maintenance man, who maintains the outside, does apartment turn overs, and small repairs, makes managing these units very easy. We are not selling just 2 buildings but a complete business model developed over many years of land lording with all our methodology, all our legal docs, all our addendums to the lease, all our application forms and all our years of experience in developing these docs and methodology. We spent many thousands of dollars in lawyer services developing our business. Included is 3 months of consultation for those who need it. With NOI $56,000 & 12.5%cap, these properties generate great CASH FLOW! Owners have been in the property business for decades, teaching landlord, property evaluation, maximizing cash flow courses. Both properties were developed for low maint, ease of renting due to their uniqueness, and min property management time
Off market
Street View
$420,600
41 Lounsbury Ave, Waterbury, CT 06706
4beds
2,688sqft
MultiFamily
Built in 1986
-- sqft lot
$420,600 Zestimate®
$156/sqft
$-- Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Dryer, Range / Oven, Refrigerator, Washer
Features
- Flooring: Concrete
Interior area
- Total interior livable area: 2,688 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Vinyl
- Waterfront features: Not Applicable
Lot
- Size: 10,018 sqft
- Features: Sloped, Lightly Wooded
Details
- Parcel number: 999999999
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side, Units on different Floors
Materials
- Roof: Asphalt
Condition
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: Waterbury
HOA & financial
Other financial information
- Total actual rent: 220000
Other
Other facts
- Sewer: Public Sewer
- Heating: Zoned
- GarageYN: true
- Zoning: RM
- AssociationYN: 0
- HeatingYN: true
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Frame
- LandLeaseAmountFrequency: Monthly
- ExteriorFeatures: Balcony
- NumberOfUnitsInCommunity: 4
- GrossIncome: 36000
- NetOperatingIncome: 25200
- LotFeatures: Sloped, Lightly Wooded
- ParkingFeatures: Paved, Under House Garage
- YearBuiltSource: Public Records
- OperatingExpense: 10800
- FoundationDetails: Concrete
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- TotalActualRent: 220000.00
- ArchitecturalStyle: Units are Side-by-Side, Units on different Floors
Services availability

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