$2,250,000
Active Under Contract
18 Days Online
21 Beds1 Bath13,552 SQFT
Active Under Contract

325 E Main Street Waterbury, CT 06702

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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., DO NOT WALK PROPERTY OR SPEAK TO TENANTS W/OUT AN APPOINTMENT.

  • Property TypeMulti-Family
  • NeighborhoodDowntown
  • CountyNew Haven
  • Taxes$52,199
  • HOA/Condo/Coop Fees$0
  • Days on Site17 Days
  • MLS StatusActive Under Contract
  • MLS ID Number24013082
  • Home Size Source Public Records
  • Year Built1938
  • Lot Size0.4 Acres
  • Full Baths1
  • Partial BathsN/A

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General Features

  • Style Units on different FloorsUnits are Side-by- Side
  • Construction Brick
  • Parking Detached GarageOff Street ParkingUnassigned ParkingUnpaved
  • Parking Spaces 28
  • Sewer Public Sewer
  • Basement FullUnfinished
  • Acreage 0.4
  • Water Public
  • Property Sub Type Multi Family
  • Garage Spaces 3
  • Attached Garage No
  • Foundation Brick/ MortarStone
  • Zoning CBD

Interior Features

  • Cooling Window Unit
  • Heating OtherSteam
  • Fireplaces 0
  • Laundry Features Coin Op LaundryCommon Laundry Areashared laundry room in building

Exterior Features

  • Roof AsphaltFlat
  • Spa No
  • Waterfront Property No
  • Waterfront Features Not Applicable
  • Exterior SidewalkPorchGuttersLighting
  • Lot Level Lot
  • Patio And Porch Porch

Community Features

  • Community Features Commuter BusLibraryMedical FacilitiesParkPublic Rec FacilitiesPublic TransportationShopping/ Mall

Schools

School District
Unknown
Elementary School
Per Board of Ed
Middle School
Unknown
High School
Per Board of Ed

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Monthly Payment (Est.)

$12,084
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