701 South Main Street, Waterbury, CT 06706
701 South Main Street, Waterbury, CT 06706
701 South Main Street, Waterbury, CT 06706
701 South Main Street, Waterbury, CT 06706
701 South Main Street, Waterbury, CT 06706
701 South Main Street, Waterbury, CT 06706
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Taylor Shurtleff

Taylor Shurtleff

+1(860) 966-1834
$ 2,650,000
Est. payment | /mo

4 Beds

1 Bath

7,728 SqFt

Save
$ 2,650,000
Est. payment | /mo
Save

4 Beds

1 Bath

7,728 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 7,728 sqft

Price per Sqft $342

MLS Listing ID 24163808

Style Units on different Floors,Units are Side-by-Side

Bedrooms 4

Full Baths 1

Year Built 1900

Annual Tax Amount $14,443

Lot Size 5,227 Sqft

Property Sub-Type 5 Family+

Property Description

Truly turn-key portfolio opportunity in Waterbury's South End, offering strong in-place cash flow with upside with 8.5% CAP actual. The sale includes three adjacent parcels comprising six buildings with a total of 25 units: 23 residential apartments and two commercial spaces. The residential unit mix consists of (6) four-bed units, (11) three-bed units, and (6) two-bed units. Five of the six buildings feature separate, tenant-paid utilities, all electric heat, hot water, and cooking. Building 701 includes six apartments with owner-paid gas heat only, while electric and hot water remain tenant-paid. Five of the six buildings have completed the City of Waterbury de-leading program and have been extensively renovated, including new vinyl siding, replacement windows, updated interiors, upgraded electrical systems, rebuilt porches, and newer roofs (2017). Most apartments offer hardwood flooring, expansive layouts, and updated kitchens and baths. The portfolio has demonstrated historically low vacancy and a strong tenant base. A common coin-operated laundry room is in Building 691 and is available to all tenants. The two commercial units have separate utilities and present a value-add opportunity, as they require full renovation. The properties offer ample off-street parking, with over 20 combined parking spaces. Convenient location with easy access to I-84 and Route 8. Many rents remain below market, providing significant upside as well.

Location

State CT

County New Haven

Zoning CG

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard, Hot Air

Cooling Window Unit

Exterior

Exterior Feature Sidewalk, Gutters, Lighting, Patio

Parking Features Off Street Parking, Driveway, Unpaved

Waterfront Description Not Applicable

Roof Type Asphalt Shingle,Flat

Building

Lot Description Level Lot

Foundation Masonry, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Amanda Faroni-Sheehan • Oxford Realty

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Taylor Shurtleff

+1(860) 966-1834

taylorshurtleffhomes@gmail.com

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701 South Main Street