48 Mitchell Ave Waterbury, CT 06710

Building Details

Year Built

1900

Listing agency OXFORD REALTY a***@oxfordrealtyco.com Show Phone

Listed by Amanda R. Faroni-Sheehan · License #REB.0793328CT Show Phone

Source Elliman

Added: Apr 24 Updated: Jul 10 at 1:28PM Checked: Jul 21 at 8:56AM

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Investment Insights

Based on property information with market context.

Located in downtown Waterbury's Central Business District on a corner lot, 48 Mitchell Street is a well-maintained, four-story brick building. The property consists of sixteen one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been updated with a combination of vinyl plank and hardwood flooring, along with kitchen and bathroom improvements. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking contributes to a low-maintenance ownership profile. The property is within walking distance to Downtown, St. Mary's Hospital, shopping, and public transportation, with convenient access to nearby highways. The location has a bike score of 56, a walk score of 88, and a transit score of 59.

Key Highlights

• Stable, reliable monthly income stream due to HUD and Waterbury Housing Program leases, resulting in historically low vacancy.
• Prime location in downtown Waterbury's Central Business District on a corner lot, within walking distance to amenities, St. Mary's Hospital, shopping, and public transportation.
• Updated units feature a combination of vinyl plank and hardwood flooring, along with kitchen and bathroom improvements.

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FAQs

What type of property is this?

Apartment building - Well-maintained 16-unit apartment building in Waterbury's Central Business District.

Where is this apartment building located?

The property is located at 48 Mitchell Ave Waterbury, CT.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Stable, reliable monthly income stream due to HUD and Waterbury Housing Program leases, resulting in historically low vacancy.; **Prime location in downtown Waterbury's Central Business District** on a corner lot, within walking distance to amenities, St. Mary's Hospital, shopping, and public transportation.; Updated units feature a combination of vinyl plank and hardwood flooring, along with kitchen and bathroom improvements.