New Listing - 10/29/2024

$625,000 ($151.41 per sqft)

Est. Mortgage $3,160/mo *

Quick Pre-Approval

731 South Main Street, Waterbury, (South End), CT, 06706

731 South Main Street, Waterbury, (South End), CT, 06706

19 rooms

11 beds

3 Full / 2 Half baths

1895

Other

4,128 sqft

Here is the money maker you have been looking for. The monthly rent roll is $6,800/mo. The gross annual rent is $81,600 a year. The gross annual return on investment is 13.1 percent. Try to get that kind of return in your money market account or your 401k! The building is comprised of Three 3 bedroom units and 2 store fronts. The interior and exterior of the building as well as all of the apartments have been fully remodeled and are rented. The left side store front is currently in the process of being remodeled. This space has been rented for $1,000/mo (tenant will take occupancy once the renovations are complete). The right side store front is also currently in the process of being remodeled. This space has been rented for $1,100/mo. (tenant will take occupancy once the renovations are complete). The 1st floor unit pays $1,500/mo. The 2nd floor unit pays $1,600/mo. The 3rd floor unit pays $1,600/mo. The furnaces and hot water heaters are new. All utilities are separately metered. The tenants pay their own gas and electric. If you are looking for a solid investment with an excellent ROI, you found it here!


Status:

Active

Town:

Waterbury

Type:

Multi-family

Units:

5

Zoning:

CG

Garage:

None, On Street Parking, Off Street Parking, Driveway

Heating:

Hot Air

Cooling:

None

Basement:

None

Parking:

5-car

Acreage:

0.07

Est. Taxes:

$13,989

Assessment

$282,940

Lot Description:

City Views

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

6

MLS #:

24056862


Community Info

School Info

Walk Score

Mass Transit

Yelp


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Listing courtesy of Rob Clermont, Clermont Real Estate Email: rob@valuequestappraisal.com