$625,000
731 South Main Street Waterbury, CT 06706
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$625,000
Est. payment /mo
11 Beds
5 Baths
4,128 SqFt
UPDATED:
10/31/2024 05:02 AM
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 4,128 sqft
Price per Sqft $151
MLS Listing ID 24056862
Style Other
Bedrooms 11
Full Baths 3
Half Baths 2
Year Built 1895
Annual Tax Amount $13,989
Lot Size 3,049 Sqft
Property Description
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!
Location
State CT
County New Haven
Zoning CG
Rooms
Basement None
Interior
Heating Hot Air
Cooling None
Exterior
Garage None, On Street Parking, Off Street Parking, Driveway
Waterfront Description Not Applicable
Roof Type Shingle
Building
Lot Description City Views
Foundation Brick
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Rob Clermont • Clermont Real Estate
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