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48 Mitchell Avenue

Waterbury CT 06710

16
16
11360 sq. ft.
0.14 ac.
Multi-Family
Currently for sale - view listing

Overview

Amazing investment opportunity in downtown Waterbury's Central Business District. Situated on a corner lot, 48 Mitchell Street is a well-maintained 4-story brick building comprised of sixteen (16) one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been turned and updated, featuring a combination of vinyl plank and hardwood flooring, along with a variety of kitchen and bathroom improvements throughout. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking only contributes to a low-maintenance ownership profile. Ideally located within walking distance to Downtown, St. Mary's Hospital, shopping, public transportation, and offering convenient access to nearby highways, this property presents a strong long-term investment.

Features

16 bedrooms
16 bathrooms
11360 sq. ft. floor area
0.14 ac. lot size
Multi-Family

Property history for 48 Mitchell Avenue

2022
Sold
Undisclosed
14 Apr 2022
2021
Sold
$735,000
24 Jun 2021

Happy sellers in Waterbury

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Local market activity for 16 bedroom multi families in Waterbury

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Sales:
(619) 566-0008
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