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USACTWaterburySouth End701 S Main St
701 S Main St, Home with 9 bedrooms, 3 bathrooms and 12 parking in Waterbury CT | Image 1
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$2,800,000

701 S Main St, Waterbury, CT

Real Estate

For Sale

$--,---,---
9312
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7728 sqft
Garage No
Taxes $65,541
Days Active 15
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $362
MLS® Number 24100749

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

TURN KEY portfolio opportunity in the South End almost entirely renovated inside and out! The sale consists of 3 adjacent parcels with 6 buildings = 23 apartments and 2 commercial spaces for a total of 25 units. The unit mix is: (6) 4 bed units, (11) 3 bed units and (6) 2 bed units. 5 Bldgs feature separate, and tenant paid utilities - all electric H, HW & cooking. Bldg 701 has 6 apartments with owner paid gas heat (only), and separate, tenant paid electric + hot water. 5 out of 6 Bldgs have undergone the City of Waterbury de-leading program + plus are completely renovated with new vinyl siding, replacement windows, interior unit updates, updated electrical, new/rebuilt porches and roofs (all in 2017). Majority of the units have hardwood floors throughout, huge layouts, updated kitchens and baths. Historically low vacancy and strong tenant base. There is a common/coin op laundry room in Bldg 691 for all tenants to use. The 2 commercial spaces are separate utilities and need total renovation. There is ample, off-street parking for each property, with a total of over 20 spaces combined. Great location for tenants with easy access to i84 & Rt8. Most of the rents are under market which offers huge UPSIDE potential w/24% ROI/11+% CAP rate.Show Description
MLS® Number24100749
Laundry LevelCommon Laundry Area, 691 S Main St rear has a common laundry.
Central VacNo
FireplaceNo
Acreage0.55
ExteriorSidewalk, Gutters, Lighting, Patio
GarageNo
Approx. Age1900
BasementFull, Unfinished
DrivewayNone, Off Street Parking, Driveway, Unpaved
Garage Spaces
HeatElectric, Natural Gas, Baseboard, Hot Air
A/CWindow Unit
Heating Fuel

Extras

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