Looking for that big time "CASH FLOW" multi unit building to add to your portfolio? Look no further! this is a rare find in Naugatuck with so few large unit multi family buildings. This well maintained property located in the heart of Naugatuck's beautiful downtown is fully rented and brings in annual income of $57,540 or $4795 a month. There are SIX (6) 1- bedroom units all with active leases, long terms tenants, and security deposits that will convey with title. Annual Expenses run about $17,000 (Taxes, Water, Insurance) leaving a profit of $40,000 annually. NO updating or work needed simply close and start collecting rents. Easy to rent due to proximity to shopping, restaurants, employment, train station and public transportation. 2 Natural Gas hot water boilers, 1 gas space heater and/or electric baseboard, and 3 electric heated units, 7 electric meters, 7 gas hot water heaters.
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Gateway Real Estate2389 Main StreetGlastonbury, CT 06033