669 E Main St, Waterbury, CT 06702

$899,900
16
BD
4
BA
9,956
SqFt

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List Price
$899,900
Status
ACTIVE
MLS#
24177190
Year Built
1928
Bedrooms
16
Bathrooms
4
Acres
0.19
Living Area
9,956
Neighborhood
East End

Property Description

Exceptional investment opportunity featuring two adjacent commercial buildings totaling 8 units on highly visible East Main Street in Waterbury. This fully occupied portfolio offers strong in-place cash flow with a desirable mix of commercial and residential tenants, plus separate and tenant-paid utilities throughout for efficient ownership and minimal landlord expense. 651 E Main Street consists of a fully occupied 2-unit commercial building totaling 2,585 SF. Tenants pay all utilities with no owner's meter, creating streamlined management and low operating costs. 669 E Main Street is a fully occupied mixed-use property totaling 7,371 SF, compromised of 2 ground floor commercial units and 4 residential apartments above. All residential units feature spacious 3bed, 1bath unit mix. Utilities are separately metered, and tenant paid. There is one parking space per apartment behind the building. Positioned along a heavily traveled street with excellent visibility and accessibility, the properties benefit from proximity to downtown Waterbury, Saint Mary's Hospital, Hamilton Park, a variety of shopping, restaurants, public transportation, and major highways. Ideal opportunity for investors seeking stable mixed-use assets with strong occupancy and long-term upside potential.

Additional Information

Taxes
$19,140
Lot Size
8,276
Heating
Baseboard
Cooling System Type
Window/Wall
Water Source
Public
Basement
Full, Unfinished
Exterior Features
Sidewalk, Porch, Lighting
Parking Spaces
4
Elementary School
Per Board of Ed
High School
Per Board of Ed

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Calculator source: Real Geeks

Listing courtesy of Amanda Faroni-Sheehan from Oxford Realty. (203) 314-4219 (203) 314-4219

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