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Property profile & analytics
OFF-MARKET
Commercial real estate

1615 Main St Waterbury, CT 06705

8,349 SF 0.16 ac lot Built 1925
Entity Owned 1-yr Hold
Property ID
US15-1214862
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully renovated six-unit residential brick building situated at 1615 E Main Street in Waterbury, Connecticut. The property boasts a total of 8,349 square feet and sits on a 0.16-acre lot. Each of the six units offers three bedrooms and two full bathrooms, providing ample living space for residents. A significant advantage is the inclusion of a six-bay brick garage, with each unit having access to one bay. This adds considerable value and convenience for tenants. The building's location is highly desirable, situated on the East End of Waterbury directly across from Hamilton Park. This expansive park recently underwent improvements, including the addition of a new community pool, enhancing the property's appeal and desirability. The property's strong rental income potential makes it an attractive investment for those seeking a high return on investment. The current owner is undertaking a 1031 exchange, presenting a streamlined transaction process for the buyer. This meticulously maintained property offers a rare blend of location, amenities, and income potential, making it an ideal addition to any investment portfolio. The property is ready for immediate occupancy and offers a stable income stream. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Year built 1925
Total area 8,349 SF
Lot 0.16 ac (6,970 SF)
UPID US15-1214862
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lgct Limited Partnership · 1 yrs held
Lgct Limited Partnership
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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