Kelly Whiteman - The Whiteman Team
325 East Main Street, Waterbury, (Downtown), CT, 06702
34 rooms
21 beds
1 Full baths
1938
Units on different Floors, Units are Side-by-Side
17,264 sqft
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.
Status:
Under Contract
Town:
Waterbury
Type:
Multi-family
Laundry Remarks:
Coin Op Laundry,Common Laundry Area
Units:
22
Zoning:
CBD
Garage:
3-car Detached Garage, Off Street Parking, Unassigned Parking, Unpaved
Heating:
Steam
Cooling:
Window Unit
Energy Features:
Programmable Thermostat
Basement:
Full, Unfinished
Parking:
28-car
Acreage:
0.4
Est. Taxes:
$52,199
Assessment
$963,270
Lot Description:
Level Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
18
MLS #:
24013082
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Listing courtesy of Amanda Faroni-Sheehan, Oxford Realty Email: amandafaroni25@gmail.com