Waterbury, CT 06702,325 East Main Street

$1,975,000

$2,225,000

11.2%
Est.Price: ?

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Est. payment /mo

3 Baths

17,264 SqFt


SOLD DATE : 08/02/2024

Key Details

Sold Price $1,975,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 17,264 sqft

Price per Sqft $114

MLS Listing ID 24013249

Sold Date 08/02/24

Full Baths 3

Year Built 1938

Annual Tax Amount $40,678

Lot Size 0.400 Acres

Property Description

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.

Location

State CT

County New Haven

Zoning CBD

Interior

Interior Features Window Display

Heating Steam

Cooling Window Unit

Exterior

Exterior Feature Sidewalk, Roof Sign, Gutters, Lighting, Outside Storage Area

Garage Unpaved, Off Street Parking, Unassigned Parking

Utilities Available Electric, Gas, Cable Available

Roof Type Asphalt Shingle,Flat

Building

Lot Description Level Lot

Story 4

Foundation Brick, Stone

Sewer Public Sewer Connected

Water Public Water Connected

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Listed by Amanda Faroni-Sheehan • Oxford Realty
Bought with Amanda Faroni-Sheehan • Oxford Realty

GET MORE INFORMATION

Osi Rosenberg

Broker | REB.0791464

+1(203) 738-5999

2051 Main St, Stratford, CT, 06615

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