New Listing - 10/29/2024
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