325 E Main Street, Waterbury, CT 06702 (MLS # 24013082)

Price $2,250,000
Status Active
Beds 21
Baths 1 Bath
Home size 13,552 sqft
Lot Size 17,424 sqft
Days on Market 10
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.
Property Type(s): Multi Family
Last Updated 4/25/2024 Year Built 1938
Garage Spaces 3.0 County New Haven

SCHOOLS

Elementary School Per Board of Ed
Jr. High School Per Board of Ed
High School Per Board of Ed

Additional Details

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

Location

 

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