NOT LISTED FOR SALE
4 Beds
4 Baths
2,688 Sq Ft
10,019 Sq Ft Lot

Last Sold May 31, 2019

Last sale price $210,000 $78 Per Sq Ft

48 Days on Market

Highlights

  • Deck
  • No HOA
  • 4 Car Attached Garage
  • Partially Wooded Lot
  • Balcony
  • Zoned Heating

About This Home

As of May 2019

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

Last Agent to Sell the Property

Jorge Zea

Blue Lighthouse Realty, Inc License #REB.0790521 Listed on: 03/28/2019

Last Buyer's Agent

Nelson Montanez

Brass Moon Realty License #RES.0793498

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,548

Year Built

  • Built in 1986

Lot Details

  • 10,019 Sq Ft Lot
  • Sloped Lot
  • Partially Wooded Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,688 Sq Ft Home
  • Concrete Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Garage Access
  • Basement Storage

Parking

  • 4 Car Attached Garage
  • Basement Garage
  • Tuck Under Garage
  • Parking Deck
  • Shared Driveway

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,548

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2688
  • Public Record Living Room Sq Ft: 2688
  • Total Sq Ft: 2688
  • Year Built: 1986
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Directions: Go south on South Main St. take left on Washington St, Take 1st right on Lounsbury Ave, Building is on left
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Full, Concrete Floor, Garage Access, Storage
  • Attic: No
  • Street Number Modifier: 41

Exterior Features

  • Exterior Features: Balcony, Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage, Under House Garage, Paved
  • Garages Number: 4
  • Driveway Type: Shared, Asphalt

Utilities

  • Heat Type: Baseboard, Zoned
  • Heat Fuel Type: Electric
  • Hot Water Description: 40 Gallon Tank, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.2300
  • Lot Description: Lightly Wooded, Sloping Lot
  • Zoning: RM

Multi Family

  • Gross Annual Income: 36000
  • Net Operating Income: 25200
  • Unit Count: 4
  • Total Multi Family: 16
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 5548
  • Total Assessed Value: 92140
  • Mil Rate Base: 60.210
  • Mil Rate Total: 60.210
  • Assessor Parcel Number: 1390273

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $210,000 -4.5% $78 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
04/04/2019 04/04/19 Price Changed $220,000 -51.6% $82 / Sq Ft
03/28/2019 03/28/19 For Sale $455,000 -- $169 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170177503

SmartMLS

APN: WATE M:0392 B:0302 L:0070