For Sale

Listed by Amanda Faroni and Anthony Velez from Vanguard Private Client Grp

Source: SmartMLS Connecticut #170518786

45 Cherry Street, Waterbury, CT, 06702

$399,900

5
2
10
0.08 ac.

MultiFam

30+ days on the market

What's around 45 Cherry Street

About this property

25% ROI in this mixed-use corner property - CASH FLOW. The sale features a two-family multifamily, a two-unit, single story brick retail building ++ a vacant adjacent lot. 45 & 53 Cherry St. The two-family has great unit mix and consists of a 2 bed/1 bath unit and 3 bed/1 bath unit - 100% occupied. The retail building has a corner store and restaurant - both doing a great business and stable commercial tenants. The lot is currently used for outdoor restaurant seating and tenant/customer parking. The property features a new roof (2020 - $28k expense), vinyl siding, brick commercial exterior and mostly replacement windows. The interior apartments have some updates including flooring and kitchens/baths - big apartments. Retail has it's own electric + apartments have shared electric (owner paid). The owner pays heat for apartments only. 1 Central HW tank for all 4 units (owner paid). The corner store has been here for 17 years and they have a 5-year lease expiring in 2024. New 5-year lease with the restaurant which expires in 2027. If you're looking for CASH FLOW, this is IT!

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