Underperforming asset with great upside. Large, corner mixed-use building with 35 total Units consisting of: (4) retail units and (31) apartments. 3/4 retail units are occupied by the supermarket (2 spaces) and smoke shop. The 31 apartments unit mix is (1) 2 beds, (9) 1 bed and 21 studios. Many rents are below market = with a lot of room to increase the income. The heat and hot water are gas and owner paid. The electric is separate, and tenant paid (but included in some of the program rents). 4-story elevator building. Roughly 60% of the units were renovated in the last 1-2 years. Security system installed. On-Street parking only and no yard = low/inexpensive exterior maintenance. Great opportunity for value add asset with good ARV.
Features
31 bedrooms
31 bathrooms
22374 sq. ft. floor area
crop_free0.14 ac. lot size
cottageMulti-Family
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Local market activity for 31 bedroom multi families in Waterbury
Sold
For Sale
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