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Property Description

Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units – fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space – fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 – tobacco shop uses the ground level – also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 11.5+% CAP & 22% ROI.

Address Map
US
CT
New Haven
Waterbury
06702
Cherry
63
0
E0° 0' 0''
N0° 0' 0''
Features
: Window unit
: Hot water
: No
: Asphalt shingle
: Detached garage, On street parking, Off street parking, Driveway
MLS Addon
: Not applicable
E Main St to Cherry St
: Public water connected
17
Per Board of Ed
: Porch, Gutters, Lighting, Sidewalk
$0
2
: Natural gas
Amanda Faroni-Sheehan
13737
Oxford Realty
: Library, Park, Public rec facilities, Medical facilities, Walk to bus lines, Public transportation, Playground/tot lot
: No/resale
9
1381187
: Public sewer connected
July 2024-June 2025
0
9
0
0
Units on different Floors,Units are Side-by-Side
CBD

Listing courtesy of Amanda Faroni-Sheehan from Oxford Realty

    Multi-family For Sale For Sale

    63 Cherry, Waterbury, Connecticut 06702

    22 Bedrooms
    8 Bathrooms
    10,401 Sqft
    $955,000
    Listing ID #24087127
    Basic Details
    Property Type : Multi-family For Sale
    Listing ID : 24087127
    Price : $955,000
    Bedrooms : 22
    Baths Total : 8
    Bathrooms : 8
    Half Bathrooms : 0
    Square Footage : 10,401 Sqft
    Year Built : 1915
    Lot Area : 0.19 Acre
    Status : Active
    Property Sub Type : 5 Family+
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