New Listing - 11/19/2024

$450,000 ($130.28 per sqft)

Est. Mortgage $2,187/mo *

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6 Grove Court, Waterbury, CT, 06710

6 Grove Court, Waterbury, CT, 06710
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23 rooms

9 beds

5 Full baths

1874

Units on different Floors, 4updown - Unit(s) per Floor

3,454 sqft

This exceptional 4-unit property offers the perfect combination of immediate rental income potential and long-term value appreciation, all in a neighborhood poised for exciting redevelopment. The first-floor unit is a spacious 3-bed, 2-bath with a large living room, kitchen, & generously sized bedrooms. On the second floor, Unit 2F features a comfortable 2-bedroom, 1-bath layout. At the same time, Unit 2R offers a flexible 1-bed, 1-bath design with a dining area that can easily be converted into a second bedroom, maximizing its rental potential. The third-floor unit shines with a 3-bed, 1-bath, a large living room, an eat-in kitchen, and a newly installed air handler for modern efficiency and comfort. Current rents under Market value- market rents in the area range from $1,200-$1,500 for 1-bedroom units, $1,400-$1,800 for 2-bedroom units, and $1,800-$2,400 for 3-bedroom units, providing a strong foundation for steady cash flow. The property has been meticulously maintained, with significant updates completed just 6 years ago, including new siding, roof, & a rear deck that adds both durability and curb appeal. Its oversized, driveway-like frontage offers privacy and ample parking for tenants and guests, while the detached garage provides bonus storage or workshop space, enhancing tenant satisfaction. Located on a quiet city street that is part of an area undergoing transformative redevelopment, this property is set to benefit from improved infrastructure, & new amenities.

Status:

Active

Type:

Multi-family

Units:

4

Zoning:

CBD

Garage:

None, Paved, Off Street Parking, Driveway

Heating:

Hot Air

Cooling:

Ceiling Fans

Basement:

Full

Parking:

12-car

Acreage:

0.1

Est. Taxes:

$5,838

Assessment

$118,090

Lot Description:

City Views,Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

1

MLS #:

24060882

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Mustafa Muaremi, Regency Real Estate, LLC Email: mustafa@regencyhomesct.com