325 E Main, Waterbury, CT 06702
22 Units | 21 Beds | 1 Baths | 17264 Sqft
$2,250,000
13 Days on Market - Active
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.
