1215 Bank St

Waterbury, CT 06708

$495,000
Last Sold Price
11
Beds
3,182 Sq. Ft.
$156 / Sq. Ft.
3,182
Sq. Ft.
$156
per Sq. Ft.
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Closed 12/11/24
Closed 12/11/24

Description

Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property has a very strong rent roll and a vacant unit available for primary homeowners. This property yields a 22% return at full market values, amounting to a yearly net cash flow of $39,000. There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up. Three of the four units have undergone substantial renovations over the last...Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property has a very strong rent roll and a vacant unit available for primary homeowners. This property yields a 22% return at full market values, amounting to a yearly net cash flow of $39,000. There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up. Three of the four units have undergone substantial renovations over the last 2 years. The property also features updated electric panels, newer mechanicals, off-street parking, and a BRAND NEW ROOF, with tenant paid utilities. FHA eligible.
  1. Listed by Anthony Velez • Realty Exclusive LLC
    P: (860)-519-3800 C: (860)-300-3102 anthony.velez@vcpropertygrp.com

Property Details for 1215 Bank Street

Basement Description
Full, Concrete Floor
Direct Waterfront
No
Neighborhood
Town Plot
Style
4updown - Unit(s) per Floor
Swimming Pool
No
LISTING CLOSED: 12/11/2024 12:00 AM

Property Details for 1215 Bank Street

StatusClosed
MLS #24055812
Days on Market12
Taxes$10,251 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1890
Lot Size0.18 AC / 7,840 SF
CountyNew Haven County
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Location

Listing Courtesy of Realty Exclusive LLC, Anthony Velez

Sold By King Realty Group LLC, Christopher Germosen

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Building Information for 1215 Bank Street

Stories-Residences4Year Built1890Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

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$3,370 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,516

Property Taxes

$854

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1215 Bank Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: 1215 bank st, Waterbury, Ct Park street side
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.540382
  • Longitude: -73.04641
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $10,251
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 19
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • New Construction Type: No/Resale
  • Roof: Shingle
  • Year Built: 1890
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 3182
Lot Information
  • Lot Description: N/A
  • Parcel Number: 1391781
  • Sq Ft Est Heated Above Grade: 3182.0
  • Sq Ft Total: 3182.0
  • Zoning: RM
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Upright Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 12183
  • Gross Annual Income: 63600
  • Net Operating Income: $41,877
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 19
Unit 1
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 11-05-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 11-05-2024
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
Unit 3
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 11-05-2024
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
Unit 4
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 11-05-2024
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5

Property History for 1215 Bank Street

DateEvent & SourcePriceAppreciation
Apr 19, 2011

Closed (Public Record)

Public Record #308595958

$12,000—
Apr 19, 2011

Closed (Public Record)

Public Record #327167721

$1—
Feb 2, 2010

Closed (Public Record)

Public Record #327166674

$1

-93.6% / yr

DateEvent & SourcePrice
04/19/2011

Closed (Public Record)

Public Record #308595958

$12,000
04/19/2011

Closed (Public Record)

Public Record #327167721

$1
02/02/2010

Closed (Public Record)

Public Record #327166674

$1

-93.6% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1215 Bank Street

Taxable ValueLand$15,750Additions$191,590Total$207,340
Tax Record2025$9,326 ($777 / month)
Home Facts
Baths4Total Finished SqFt3,182 SqFtAbove Grade Finished SqFt3,182 SqFtUnfinished Basement SqFt687 SqFtStories3Lot Size7,841 SqFtYear Built1890Year Renovated1965ZoningRMCountyNAUGATUCK VALLEYAPNWBRY M:0413 B:1053 L:0096

Schools near 1215 Bank Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Duggan School
Public - PK to 8
John F. Kennedy High School
Public - 9 to 12
Brooklyn Elementary School
Public - K to 5
B.W. Tinker Bdlc
Public - 1 to 5
Rating
School
Distance
Duggan School
PublicPK to 8

John F. Kennedy High School
Public9 to 12

Brooklyn Elementary School
PublicK to 5

B.W. Tinker Bdlc
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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1225 Bank Street, Waterbury, CT 06708
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$1
6
3
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0.14
1235 Bank Street, Waterbury, CT 06708
$1
7
4
3,135
0.11
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–
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$165,000
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Realty Exclusive LLC, Anthony Velez

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.