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- Available
Single Family Residence
Waterbury (CT), United States
$2,000 per slot
1048 West Main Street, Waterbury, CT 06708
A mature real estate market with favourable returns.
Average occupancy 83%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 11%
3% from capital appreciation and 8% from average rental income.
Investment duration
Recommended standard 2 - 5 years
Property Overview
Step back in time with this circa 1850 Colonial, ready for your personal touch! Featuring 6 rooms, including the potential for 4 bedrooms (town card reflects 2), 1 full bath, and a full basement, this property offers a canvas for restoration and imagination! The home boasts key updates such as a newer roof, vinyl windows, upgraded electrical and furnace- laying the groundwork for your renovation dreams. The standout feature is the impressive 40X20 heated garage with its own electric meter and half bath perfect for hobbyist, small business owners, storage or studio space! Situated in a very convenient location just minutes from major highways, schools, two hospitals, and the Metro-North Train Station - making NYC less than a 90 minute commute away. Sold in "As Is" condition, subject to Probate court approval. Bring your vision and act fast!
Financial Details
Total Property Value
$200,000
Price Per Slot
$2,000
Aquisition & Legal Fees (3%)
$6,000
Total Cost Per Slot (incl. fees)
$2,060
Projected Returns
Projected Gross Rent
$16,000 (8% of value)
Management fees (7%)
$1,120
Operating/Service Expenses (3%)
$480
Projected Net Income
$14,400
Net ROI Per Slot (on $2,000)
11% annually
Additional Details
- Bedroom
- 4
- Bathroom
- 1
- Area
- Int - 1,134 Sq Ft.
Ext - 0.26 Acres Lot
Location
Waterbury CT, United States