1. Connecticut
2. Waterbury
3. 701 South Main Street

701 South Main Street, Waterbury, CT 06706

• 16,154 sqft

Property Description

Truly TURN KEY portfolio opportunity with 8% CAP in the South End almost entirely renovated inside and out! The sale consists of 3 adjacent parcels with 6 buildings = 23 apartments and 2 commercial spaces for a total of 25 units. The unit mix is: (6) 4 bed units, (11) 3 bed units and (6) 2 bed units. 5 Bldgs feature separate, and tenant paid utilities - all electric H, HW & cooking. Bldg 701 has 6 apartments with owner paid gas heat (only), and separate, tenant paid electric + hot water. 5 out of 6 Bldgs have undergone the City of Waterbury de-leading program + plus are completely renovated with new vinyl siding, replacement windows, interior unit updates, updated electrical, new/rebuilt porches and roofs (all in 2017). Majority of the units have hardwood floors throughout, huge layouts, updated kitchens and baths. Historically low vacancy and strong tenant base. There is a common/coin op laundry room in Bldg 691 for all tenants to use. The 2 commercial spaces are separate utilities and need total renovation. There is ample, off-street parking for each property, with a total of over 20 spaces combined. Great location for tenants with easy access to i84 & Rt8. Most of the rents are under market which offers huge UPSIDE potential w/25% ROI/11+% CAP rate.

Listing Status:

Active

Date Added:

August 3, 2025 at 02:04AM

Listing Office:

Oxford Realty : (203) 314-4219

Listing Agent:

Amanda Faroni-Sheehan : (203) 314-4219

MLS ID:

24116536

Interior

• General: Window Display
• A/C: Window Unit
• Heating: BaseboardHot AirElectricNatural Gas

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Amanda Faroni-Sheehan, Oxford Realty