325 E Main Street Waterbury, 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., 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