23 & 27 W Porter Street, Waterbury, CT 06708

Don't miss this 12 unit VALUE ADD opportunity! This offering consists of (2) adjacent six-unit properties with a shared driveway and ample rear parking. #23 is fully occupied building with all 2 bed/1 bath units. It features a newer roof (less than 5 yrs), vinyl siding and some replacement windows. The utilities are separate and tenant paid - electric heat and gas HW + cooking. The hot water heaters are newer and electrical is updated to circuit breakers. There are washer/dryer hookups in the units and various interior updates - some flooring, fixtures, kitchens and baths. All tenants are M to M w/below market rents = big upside. #27 is a 6 unit property that is fully gutted and needs interior renovation including: electrical, plumbing, HVAC, sheetrock, flooring, and finishes. All units are also 2 bed/1 bath. It does have vinyl siding and a newer roof (less than 5 yrs) + some replacement windows. HUGE HUGE potential here with high ARV. The properties are across from Duggan School and in close proximity to Town Plot, highway access and local dining/shopping. Proforma value $900k + with 10% CAP & $90k NOI.