New Listing - 04/25/2024

$2,250,000 ($130.33 per sqft)

Est. Mortgage $11,975/mo *

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325 East Main Street, Waterbury, (Downtown), CT, 06702

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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:

Active

Town:

Waterbury

Type:

Multi-family

Laundry Remarks:

Coin Op Laundry,Common Laundry Area

Units:

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:

MLS #:

24013082

Community Info

School Info

Walk Score

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325 East Main Street, Waterbury, (Downtown), CT, 06702

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325 East Main Street, Waterbury, (Downtown), CT, 06702

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