64 South St, Waterbury, CT 06706

Property Description

This fully occupied three-family property presents an excellent value-add opportunity for investors. All units are currently rented with month-to-month tenants, providing flexibility for future rent adjustments or improvements. The property features spacious unit layouts with three bedrooms on the first and second floors and a two-bedroom unit on the third floor, making it attractive for long-term tenants. Several key updates have already been completed, including replacement windows installed within the last five years. The first floor is heated with oil, while the second and third floors are heated with electric systems. Gas lines are already connected to the property for the stoves, creating a straightforward opportunity for a future conversion to gas heat. The property also features a fenced-in backyard, offering additional outdoor space for tenants. With strong occupancy, solid layouts, and clear potential to increase value through heating conversion and rent optimization, this property represents a strong opportunity for investors looking to expand their portfolio.