701 South Main St Waterbury, CT 06706

This is a turn-key portfolio opportunity located in Waterbury's South End. The sale includes three adjacent parcels comprising six buildings with a total of 25 units: 23 residential apartments and two commercial spaces. The residential unit mix consists of six four-bed units, eleven three-bed units, and six two-bed units. Five of the six buildings feature separate, tenant-paid utilities, including electric heat, hot water, and cooking. Building 701 includes six apartments with owner-paid gas heat only, while electric and hot water remain tenant-paid. Five of the six buildings have completed the City of Waterbury de-leading program and have been extensively renovated, including new vinyl siding, replacement windows, updated interiors, upgraded electrical systems, rebuilt porches, and newer roofs (2017). Most apartments offer hardwood flooring, expansive layouts, and updated kitchens and baths. The portfolio has demonstrated historically low vacancy and a strong tenant base. A common coin-operated laundry room is in Building 691 and is available to all tenants. The two commercial units have separate utilities and present a value-add opportunity, as they require full renovation. The properties offer ample off-street parking, with over 20 combined parking spaces. The property is conveniently located with easy access to I-84 and Route 8. Many rents remain below market, providing significant upside potential through continued stabilization and rent increases. The property size is 14720 square feet.