CT > Waterbury
Waterbury, CT 06706,701 South Main Street
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Waterbury, CT 06706,701 South Main Street
Waterbury, CT 06706,701 South Main Street
Waterbury, CT 06706,701 South Main Street
Waterbury, CT 06706,701 South Main Street
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Mark Fagan

Mark Fagan

+1(203) 305-8640
$ 2,800,000
Est. payment /mo
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701 South Main Street Waterbury, CT 06706

24 Beds

6 Baths

7,728 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 7,728 sqft

Price per Sqft $362

MLS Listing ID 24087525

Style Units on different Floors,Units are Side-by-Side

Bedrooms 24

Full Baths 6

Year Built 1900

Annual Tax Amount $65,541

Lot Size 0.550 Acres

Property Sub-Type 5 Family+

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.

Location

State CT

County New Haven

Zoning CG

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard, Hot Air

Cooling Window Unit

Exterior

Exterior Feature Sidewalk, Gutters, Lighting, Patio

Parking Features None, Off Street Parking, Driveway, Unpaved

Waterfront Description Not Applicable

Roof Type Asphalt Shingle,Flat

Building

Lot Description Level Lot

Foundation Masonry, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Amanda Faroni-Sheehan • Oxford Realty
agent

Mark Fagan

Broker

+1(203) 305-8640

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701 South Main Street