241 Lincoln Street

Waterbury, CT 06710

$240,000
Last Sold Price
12
Beds
6
Baths
4,944 Sq. Ft.
$49 / Sq. Ft.
4,944
Sq. Ft.
$49
per Sq. Ft.

Description

Investors take notice! Opportunity to own a nice six-unit investment property in the Waterville area of Waterbury off Thomaston Ave. This property has been well maintained and updated over the last few years - with newer windows, vinyl siding and rear porches. The unit mix consists of: (4) 1 bed units and (2) 2 bed units. It is currently 100% occupied by tenants. There are various unit updates throughout - hardwood floors, fixtures, kitchens and baths + good size units. Each apartment has a washer/dryer...Investors take notice! Opportunity to own a nice six-unit investment property in the Waterville area of Waterbury off Thomaston Ave. This property has been well maintained and updated over the last few years - with newer windows, vinyl siding and rear porches. The unit mix consists of: (4) 1 bed units and (2) 2 bed units. It is currently 100% occupied by tenants. There are various unit updates throughout - hardwood floors, fixtures, kitchens and baths + good size units. Each apartment has a washer/dryer hook-up. The building has gas heat and hot water - separate and tenant paid. The electric is updated and also separate/tenant paid. There is a huge paved parking area on one side with ample off-street parking. Good investment opportunity with cash flow - 22% ROI. Value add opportunity = rents are below market. Increase for 12% CAP proforma.
  1. Listed by Amanda R Faroni • Berkshire Hathaway NE Prop.
    P: (203) 314-4219 C: (203) 3144219 amandafaroni25@gmail.com

Property Details for 241 Lincoln Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
Waterville
Style
Units on different Floors, Units are Side-by-Side
Garage Parking Info
Paved, Unassigned Parking, Off Street Parking
Swimming Pool
No

Location

Listing Courtesy of Berkshire Hathaway NE Prop., Amanda R Faroni

Sold By Berkshire Hathaway NE Prop., Amanda R Faroni

Add your commute
LISTING UPDATED: 02/26/2021 05:25 PM

Property Details for 241 Lincoln Street

StatusClosed
MLS #170356336
Days on Market4
Taxes$7,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1909
Lot Size0.23 AC / 10,018 SF
CountyNew Haven County

Location

Listing Courtesy of Berkshire Hathaway NE Prop., Amanda R Faroni

Sold By Berkshire Hathaway NE Prop., Amanda R Faroni

Add your commute

Building Information for 241 Lincoln Street

Stories-Residences6Year Built1909Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$1,893 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,310

Property Taxes

$583

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 241 Lincoln Street

Summary
Property and Location
  • Acres Source: Public Records
  • Association Amenities: None
  • Directions: Waterville to Lincoln
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.56928
  • Longitude: -73.05193
  • Neighborhood Amenities: Basketball Court, Commuter Bus, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2020-June 2021
  • Property Tax: $7,000
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Gutters, Lighting, Porch-Enclosed, Sidewalk
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Crawl Space
  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Attic YN: Yes
  • Laundry Room Info: All Units Have Hook-Ups
  • Rooms Total: 24
Property
Property and Assessments
  • Color: White
  • Construction Description: Frame
  • Driveway Type: Paved
  • Elevation Certificate: No
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Fuel Tank Location: Non Applicable
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1909
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 4944
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1373764
  • Sq Ft Est Heated Above Grade: 4944.0
  • Sq Ft Total: 4944.0
  • Zoning: RM
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 18160
  • Gross Annual Income: 48000
  • Net Operating Income: $27,440
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 24
Building Details
  • Unit Count: 6
Unit 1
  • Lease: Monthly
  • Listing Key: DD70468B49A74E7FE0531401100A360E
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 825
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 11-22-2020
  • Unit Monthly Rent: $750
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Listing Key: DD70468B49A74E7FE0531401100A360E
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 825
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 11-22-2020
  • Unit Monthly Rent: $700
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Listing Key: DD70468B49A74E7FE0531401100A360E
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 825
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 11-22-2020
  • Unit Monthly Rent: $500
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Listing Key: DD70468B49A74E7FE0531401100A360E
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 825
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 11-22-2020
  • Unit Monthly Rent: $750
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Monthly
  • Listing Key: DD70468B49A74E7FE0531401100A360E
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 825
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 11-22-2020
  • Unit Monthly Rent: $550
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 6
  • Lease: Monthly
  • Listing Key: DD70468B49A74E7FE0531401100A360E
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 825
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 11-22-2020
  • Unit Monthly Rent: $750
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant

Property History for 241 Lincoln Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 241 Lincoln Street

Taxable ValueLand$39,130Additions$197,470Total$236,600
Tax Record2023$12,821 ($1,068 / month)
Home Facts
Total Finished SqFt4,944 SqFtAbove Grade Finished SqFt4,944 SqFtUnfinished Basement SqFt1,648 SqFtStories3Lot Size10,019 SqFtStyleMulti-Family Res (5+ Units)Year Built1909Year Renovated1960ZoningRMCountyNEW HAVENAPNWBRY M:0178 B:0536 L:0041

Schools near 241 Lincoln Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Driggs School
PublicPK to 5

North End Middle School
Public6 to 8

Wilby High School
Public9 to 12

Bunker Hill 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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway NE Prop., Amanda R Faroni

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.