325 East Main
Waterbury, CT 06702
- 21 beds
- 1 bath
- 17,264 sqft
- ~1/2 acre lot
- $130 per sqft
- 1938 build
- – on site
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.
Listing courtesy of SMART_MLS / Amanda Faroni-Sheehan / Oxford Realty
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Last updated May 2, 2024
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MLS# 24013082 —
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Transit Score®
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/25/24
Apr 25, 2024
|
Listed / Active | SMART_MLS | $2,250,000 |