SMB Hillside LLC Acquires 66-Unit Waterbury Multifamily For $4.5M
SOLD
$4,500,000
Connecticut
See Similar DealsMultiFamily
Sold 08/24/2022
SOLD
SMB Hillside LLC Acquires 66-Unit Waterbury Multifamily For $4.5M
170 Hillside Avenue, Waterbury, Connecticut 06710, United States
See Similar DealsMultiFamily
Sold 08/24/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale
SMB Hillside LLC has acquired a multifamily property located at 170 Hillside Ave in Waterbury, CT. The property sits on a 1.5-acre lot and consists of 66 units. The transaction was completed on August 24, 2022, with a sale price of $4,500,000. This translates to a price per unit of $68,182.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 170 Hillside Ave, Waterbury, CT
- Market: Waterbury, CT
- Acres: 1.5
- Buyer: SMB Hillside LLC
- Seller: MH Hillside LLC
- Units: 66
- Price per Unit: $68,182
The transaction involved the buyer, SMB Hillside LLC, and the seller, MH Hillside LLC. The deal was finalized without any additional information available.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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