Properties

Property Description

Truly turn-key portfolio opportunity in Waterbury’s South End, offering strong in-place cash flow with upside. 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 potential through continued stabilization and rent increases.

Features
Heating System:
Hot Air, Baseboard
Cooling System:
Window Unit
Heat Fuel Type:
Natural Gas, Electric
Flooring:
Vinyl, Wood, Ceramic Tile
Fireplaces Total:
0
Parking Total Spaces:
25
Location:
Highway Access, Downtown, Urban
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Main
Street Number:
701
Floor Number:
0
Longitude:
W74° 57′ 15.5”
Latitude:
N41° 30′ 14.5”
Street Dir Prefix:
South
MLS Addon
Office Name:
Oxford Realty
Agent Name:
Amanda Faroni-Sheehan
List Agent MLSID:
FARONIAM
List Office MLSID:
13737
Tax Year:
July 2025-June 2026
Directions:
Located on S Main St.
HOA Fee Amount:
$0
Parcel Number:
1388638
Property Tax:
$54,402
Zoning:
CG

Commercial For Sale

701 Main, Waterbury, 06706

0 Bedrooms
3 Bathrooms
14,720 Sqft
$2,700,000
Listing ID #24153849
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24153849
Price :
$2,700,000
Bedrooms :
0
Baths Total :
3
Bathrooms :
3
Half Bathrooms :
0
Square Footage :
14,720 Sqft
Year Built :
1900
Lot Area :
0.12 Acre
City:
Waterbury
Zipcode:
06706
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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