Waterbury, Connecticut, offers a unique opportunity for investors to capitalize on the city's rich history and strategic location. Multi-Family Properties for sale in Waterbury present an attractive investment option, given the city's strong infrastructure, educational institutions, and amenities. These properties can represent a range of investments, from apartment buildings to condominium complexes, each offering a unique set of benefits and returns. Waterbury's proximity to major transportation hubs, including Interstate 84 and Route 8, makes it an ideal location for residents and businesses alike. The city is also home to several higher education institutions, such as Naugatuck Valley Community College and Post University, which attract students and professionals from across the region. Additionally, Waterbury's amenities, including the Mattatuck Museum Arts and History Center and Municipal Stadium, enhance the quality of life for residents and make it an attractive place to live and work.
With 6 Multi-Family Properties for sale in Waterbury, investors have a range of options to choose from. The average price per square foot is $116 USD, with an average size of 20,408 square feet. The largest property available is 36,276 square feet, offering ample space for residents. In addition to Multi-Family Properties, Waterbury also offers Retail Space, Shopping Centers, Residential Income Homes, and Office Properties for sale. Retail Space in Waterbury benefits from the city's strong foot traffic, while Shopping Centers offer a range of retail and dining options. Residential Income Homes provide a steady stream of income, and Office Properties cater to the city's growing business community. With its diverse range of properties and amenities, Waterbury is an attractive destination for investors and residents alike.
What is the average cap rate for multi-family properties in the Waterbury market?
Investors seeking multi-family properties in Waterbury, Connecticut, can expect an average cap rate of 8.01%, which is a crucial metric to consider when evaluating potential investments. For a deeper understanding of this key concept, we recommend exploring our article on what is a cap rate, which provides valuable insights into this essential aspect of commercial real estate investing.
What should I know about financing options for buying an apartment building in Waterbury?
When considering financing options for buying an apartment building in Waterbury, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans) that can help you secure the property of your choice, such as one of the 6 available listings of multi-family properties in Waterbury, with an average price per square foot of $116 USD and an average size of 20,408 square feet.
- Waterbury's diverse economy, with major sectors in manufacturing, education, and healthcare, can provide a stable source of tenants and revenue for your investment.
- The city's infrastructure, including Interstate 84 and Route 8, as well as the Metro-North Railroad station, can make your property more attractive to potential tenants and increase its value.
- For more information on CRE loans and how they can help you finance your apartment building purchase, check out our article at commercial real estate loans.
