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Presented by
The Slotnick Group |
21 Holmes Avenue, Waterbury (Downtown), CT, 06710 | $450,000
Step into history in the heart of downtown Waterbury and make it your own. This distinctive property offers a rare opportunity to own a piece of the city's past while creating your future. Whether you're envisioning a professional office, boutique business, or a unique live/work concept, the possibilities are endless. Surrounded by the energy of downtown and rich local heritage, this space is ready to support your next chapter. Own history, build your vision, and call this property home sweet home. Zoned commercial yet recognized as mixed use, this property allows for residential conversion, offering exceptional flexibility and income potential. The current layout features office space along with 2 one-bedroom apartments on the third floor, providing an immediate cash-flow opportunity with additional upside. The second floor offers versatile options, suitable for conversion to a 4-bedroom apartment or 2 separate office suites, allowing investors or owner-users to expand, reconfigure, or reposition the space to meet their vision. Additional features include 5 covered bay garages, plus both off-street and on-street parking for added convenience. Recent updates include all new electrical panels (1/26), fresh interior paint, architectural ceilings, chimney repointed within the last 10 years, a roof approx 10 years old, a recently rebuilt heating system, forced hot air heat, updated water line, LED recessed lighting, and on-demand hot water. A unique mixed-use investment in a prime downtown location with character, modern improvements, and multiple use opportunities. Situated within a designated Enterprise and Opportunity Zone in the City of Waterbury's central business district which allows for wide range of uses including commercial and residential. Buyer to do own due diligence to verify potential uses and conversion.
Features
- Town: Waterbury
- Current Use: Office/Residential
- Permitted Use: Office/Residential
- Utilities: Electric,Gas
- Heating: Hot Air
- Cooling: Central Air
- Units: 5
- Zoning: CBD
- Frontage: Municipal Street
- Year Built: 1890
- Approx Sq. Feet: 4,365
- Acreage: 0.15
- Est. Taxes: $7,027
- Lot Desc: Level Lot
- MLS#: 24150157
- Website: https://www.raveis.com
/prop/24150157/21holmesavenue_waterbury_ct?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
The Slotnick GroupLicensed Real Estate Salespersons
914.261.2041
TheSlotnickGroup@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 24240
914.494.1459
Vincent.DiMella@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
- Offers access to experienced closing attorneys at competitive rates
- Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies
21 Holmes Avenue, Waterbury (Downtown), CT, 06710
$450,000
The Slotnick Group
Licensed Real Estate Salespersons
William Raveis Real Estate
Phone: 914.261.2041
TheSlotnickGroup@raveis.com
Vincent DiMella
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.137% | 6.132% | 5.396% |
| Monthly Tax Payment | $586 | $586 | $586 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,016 | $2,156 | $2,870 |
| Total Monthly Payment | $2,677 | $2,817 | $3,531 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524