34 Mitchell Ave

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34 Mitchell Ave

Waterbury, CT 11803-3019
Asking Price
$1.60M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • This multifamily investment property contains 25 individual apartment units.
  • The asking price for this residential building is $1,600,000.
  • The asset is located in the city of Waterbury, Connecticut.
  • Property features a high density of residential rental units.
  • Well-positioned for investors targeting the Connecticut regional housing market.

What's Special

Priced at $1,600,000, this 25-unit multifamily apartment building sits in the city of Waterbury, Connecticut. This asset represents a significant residential holding within the local housing market, offering scale for investors focused on rental income and portfolio growth. The property structure accommodates multiple tenants, positioning it as a functional option for those seeking consistent occupancy in a regional hub. Waterbury remains a notable city within the state, providing a dense suburban environment that supports a steady demand for workforce and market-rate housing. The location offers accessibility to regional transportation corridors and local employment centers, making it a viable area for residential real estate operations. This apartment building serves as a straightforward addition to an investment strategy prioritizing residential density and long-term asset management in this specific Connecticut submarket.

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

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