227 Hillside Avenue, Waterbury, CT 06710 (MLS # 24210243)
Not your average multifamily! This fully renovated 6-unit investment property has been extensively upgraded with quality improvements rarely found in comparable assets. The building is 100% occupied, offering immediate cash flow, and consists of (6) spacious 2-bed, 1-bath apartments, each approx.. 800 SF. Current rents are below market, providing an excellent value-add opportunity through future rent adjustments. Each apartment has been nicely updated with white cabinetry, durable laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless entry systems with remote owner access. Major mechanical improvements include high-efficiency combi boilers, backup boilers and tankless water heaters for added reliability, plus a smart water meter with automatic leak detection and shutoff to help minimize maintenance concerns. Additional building enhancements include roof approx. 4yrs old, basement sprinkler systems, LED motion-sensor lighting throughout the common areas, security system, and a fire/emergency alarm system with a direct connection to the Fire Department. A coin/card-operated laundry room provides an additional source of income. Conveniently located with easy access to shopping, restaurants, public transportation, Downtown Waterbury, Route 8, and I-84. An exceptional turnkey investment offering strong in-place income, minimal deferred maintenance, and long-term upside. Can be purchased with multiple other buildings.
Property Type(s):
Commercial
|
Last Updated
|
9/27/2026
|
Year Built
|
1920
|
|
County
|
New Haven
|
Additional Details
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Frame |
| HEAT |
Baseboard, Forced Air, Hot Water, Natural Gas |
| LOT |
3049 sq ft |
| LOT DESCRIPTION |
Level |
| SEWER |
Public Sewer |
| STORIES |
3 |
| TAXES |
11413 |
| UTILITIES |
Phone Available, Cable Available, Electricity Available, Natural Gas Available |
| WATER |
Public |
| ZONING |
RM |
Location
Listing courtesy of Oxford Realty
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This IDX solution is (c) Diverse Solutions 2026.