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.
DAYS ON MARKET
|
10
|
LAST UPDATED
|
4/25/2024
|
YEAR BUILT
|
1938
|
GARAGE SPACES
|
3.0
|
COUNTY
|
New Haven
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
Elementary School |
Per Board of Ed |
Jr. High School |
Per Board of Ed |
High School |
Per Board of Ed |
AIR |
Window Unit(s) |
AIR CONDITIONING |
Yes |
BASEMENT |
Full, Yes |
CONSTRUCTION |
Brick |
GARAGE |
Yes |
HEAT |
Steam |
LOT |
0.4 acre(s) |
LOT DESCRIPTION |
Level |
PARKING |
Off Street |
SEWER |
Public Sewer |
STYLE |
Units are Side-by-Side, Units on different Floors |
TAXES |
52199 |
WATER |
Public |
ZONING |
CBD |
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Listing courtesy of Oxford Realty
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