$1,375,000

701 South Main Street, Waterbury, Connecticut 06706

22,726

Sq.ft

$61

/sq.ft

Property Description

This is a renovated and turn key portfolio investment opportunity that consists of 6 buildings and 25 total units with a 9.5+% CAP. There are 23 apartments and 2 commercial spaces. The unit mix consists of: (6) 4 bed units, (9) 3 bed units, (7) 2 bed units and (1) 1 bed unit. 18 of the units are electric heat and hot water - tenant paid, 7 of the units are gas heat and hot water - owner paid. 5 of the 6 buildings are renovated with new vinyl siding, replacement windows, interior unit updates, updated electrical, new/rebuilt porches and new roofs in 2017. The units feature hardwood floors throughout, huge layouts + updated kitchens and baths. The apartments are all 100% occupied and the commercial spaces are vacant/unfinished. There is a common/shared laundry area for tenants to use. There is ample, off-street parking at each property, with a total of over 30+ spaces combined. This is a great opportunity for a turn-key, cash flowing investment. This portfolio can be purchased with other properties in Waterbury as well. The owner is open to staying on as management.

Features

  • Property Type:

    • Other
  • County:

    • New Haven
  • Year Built:

    • 1900
  • Lot Features:

    • N/A
  • Floor Laundry:

    • No
  • Health Club:

    • No
  • Storage:

    • No
  • Unit Washer-Dryer Allowed:

    • No
  • MLS Name: SmartMLS
  • MLS Number: 170181558
  • Listing Agent: Amanda R Faroni
  • Brokerage: Berkshire Hathaway NE Prop.
  • Last updated: 2019-05-07
  • Last checked: 2019-03-14
  • Listing status: Active

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$1,375,000

701 South Main StreetWaterbury, Connecticut 06706

0 Bed0 Bath
22,726 Sq.ft$61/sq.ftOther

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