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Property 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/23% ROI/11+% CAP rate.

Address Map
US
CT
New Haven
Waterbury
06706
Main
701
0
E0° 0' 0''
N0° 0' 0''
Features
: Window unit
: Hot air, Baseboard
: Unfinished, Full
: Asphalt shingle, Flat
: Off street parking, Unpaved, Driveway, None
MLS Addon
: Not applicable
S Main St between Mill & Bond St.
: Public water connected
7
Per Board of Ed
: Patio, Gutters, Lighting, Sidewalk
$0
0
: Natural gas, Electric
Amanda Faroni-Sheehan
13737
Oxford Realty
: Park, Public rec facilities, Medical facilities, Public transportation, Playground/tot lot
: No/resale
12
1388638
: Public sewer connected
South
July 2024-June 2025
0
25
0
0
Units on different Floors,Units are Side-by-Side
CG

Listing courtesy of Amanda Faroni-Sheehan from Oxford Realty

    Multi-family For Sale For Sale

    701 Main, Waterbury, Connecticut 06706

    24 Bedrooms
    6 Bathrooms
    7,728 Sqft
    $2,800,000
    Listing ID #24087525
    Basic Details
    Property Type : Multi-family For Sale
    Listing ID : 24087525
    Price : $2,800,000
    Bedrooms : 24
    Baths Total : 6
    Bathrooms : 6
    Half Bathrooms : 0
    Square Footage : 7,728 Sqft
    Year Built : 1900
    Lot Area : 0.55 Acre
    Status : Active
    Property Sub Type : 5 Family+
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