1615 Main St Waterbury, CT 06705
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.