203 S Leonard St

Waterbury CT 06708

6458 sq. ft.

0.3 ac.

Multi-Family

Currently for sale - view listing

Overview

Fantastic investment opportunity that's turn key and cash flowing with 10% ROI and upside! This corner building is a total of 9 units with big unit mix featuring (5) 3 bed/1 bath units, (1) 2 bed, 1 bath unit & 3 studios/1 bath units. All units are spacious AND renovated (8/9) with new flooring throughout, updated kitchens (appliances, cabinets, counters, fixtures); updated bathrooms and overall newer paint + fixtures. All utilities are separate & tenant paid - gas or electric heat and hot water + separate electrical. There are laundry hookups in most units. There is ample off-street parking for 10+ cars. Low maintenance and turn key opportunity ready for a new owner! Good location for tenants near the highway and downtown for easy access to amenities. Rents are below market = BIG UPSIDE with 11+% CAP pro-forma. This property can be purchased as part of a larger portfolio sale.