Description for
325 E Main StreetWaterbury, CT 06702
LOCATION & CASH FLOW in this completely renovated opportunity in a prime downtown location with a bonus for tremendous value add opportunities. This sale consists of 317 & 325 East Main St which includes a 21 Unit brick building and an adjoining mixed-use property with a long standing Mini Mart + 3 approved apartments. The two properties share a large parking area in back with room for approx. 25 cars and detached three-car garage in back. Units are a mix of studios & 1 beds - 100% occupied w/historically low vacancy. Too many features to list including tons of energy efficient updates with a new steam boiler & new heat pump hot water heater. New electrical service, hardwired fire alarm & all LED/sensor lighting throughout. RING security in place, lead certified, fire rated doors, master key & new windows. Units are renovated w/new kitchens, baths, flooring, fixtures, low flow toilets, etc. #317 is occupied by a stable, long term mini mart w/kitchen + 3 approved studio units to be built. Amazing location: Walking Distance to Saint Mary's Hospital and the Waterbury Green + Easy Highway Access & one block to the Police Dept. The buildings give a new owner the opportunity to acquire an income-producing asset with the ability to raise rents with unit turnovers ++ the potential to finish three additional units for even more income.
Price
$2,250,000
New Haven
21
1 Full
13,552 (approx)
24013082
Active
Description
LOCATION & CASH FLOW in this completely renovated opportunity in a prime downtown location with a bonus for tremendous value add opportunities. This sale consists of 317 & 325 East Main St which includes a 21 Unit brick building and an adjoining mixed-use property with a long standing Mini Mart + 3 approved apartments. The two properties share a large parking area in back with room for approx. 25 cars and detached three-car garage in back. Units are a mix of studios & 1 beds - 100% occupied w/historically low vacancy. Too many features to list including tons of energy efficient updates with a new steam boiler & new heat pump hot water heater. New electrical service, hardwired fire alarm & all LED/sensor lighting throughout. RING security in place, lead certified, fire rated doors, master key & new windows. Units are renovated w/new kitchens, baths, flooring, fixtures, low flow toilets, etc. #317 is occupied by a stable, long term mini mart w/kitchen + 3 approved studio units to be built. Amazing location: Walking Distance to Saint Mary's Hospital and the Waterbury Green + Easy Highway Access & one block to the Police Dept. The buildings give a new owner the opportunity to acquire an income-producing asset with the ability to raise rents with unit turnovers ++ the potential to finish three additional units for even more income.
Listing Information
Property Type: Multi-Family, Other
21
1 Full
34
0.4 Acres
13,552 (approx)
1938
Yes-3 spaces
Brick
Public
Public Sewer
Neighborhood
School Information
Per Board of Ed
Per Board of Ed
Per Board of Ed
Room Information
Bathrooms
1
Common Area
Interior Features
Window Unit(s)
Steam
Full
Exterior / Lot Features
3 Garage Spaces,28 Parking Spaces,Off Street
Brick
Porch
Asphalt
CBD
Level
Driving Directions
Directly on E Main between Maple St & Cherry St
Financial Considerations
1383117
$52,199
Listing Price History
Waterbury Real Estate
Waterbury is located in Connecticut.
Waterbury, Connecticut 06702 has a population of 110,296.
The median household income for the surrounding county is $71,777
compared to the national median of $66,222.
The median age of people living in Waterbury 06702 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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