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325 East Main Street, Waterbury CT 06702

Current Price: $2,250,000

21 beds 1 baths 17264 sq. ft

Last Update: 5/9/2024

Property Type: Multi-Family For Sale

Public Remarks

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 Marys 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.

DO NOT WALK PROPERTY OR SPEAK TO TENANTS W/OUT AN APPOINTMENT.

Map to Property at 325 East Main Street, Waterbury CT 06702


Directly on E Main between Maple St & Cherry St

Residential Property Information for 325 East Main Street, Waterbury CT 06702

MLS #: 24013082

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

Color: Brick

Total Rooms:

Bedrooms: 21

Bathrooms: 1

Acres: 0.4

Year Built: 1938 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $52,199

Zoning: CBD

Mil Rate:

Assessed Value: $963,270 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 17264; below grade sq feet total is ; total sq ft is 17264

Features
Laundry Location & Info: Coin Op Laundry,Common Laundry Area  shared laundry room in building
Fireplaces: 0
Energy Features: Programmable Thermostat
Energy Features: Programmable Thermostat
Home Automation: Security System,Thermostat(s)
Basement Desc.: Full,Unfinished
Exterior Siding: Brick
Exterior Features: Sidewalk,Porch,Gutters,Lighting
Foundation: Brick,Stone
Roof: Asphalt Shingle,Flat
Parking Spaces: 3
Garage/Parking Type: Detached Garage,Off Street Parking,Unassigned Park
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Level Lot
Nearby Amenities: Commuter Bus,Library,Medical Facilities,Park,Public Rec Facilities,Public Transportation,Shopping/Mall
In Flood Zone: 0
Occupied: Tenant
Utility Information

Hot Water System Other

Heat Type: Steam

Fueled By: Other.

Cooling: Window Unit

Fuel Tank Location: In Basement

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $2,250,000

Original List Price: $2,250,000

DOM: 13

Listing Date: 4/25/2024

Last Updated: 4/25/2024 10:18:51 PM