701 South Main Street Waterbury, CT 6706

This portfolio opportunity in Waterbury's South End includes six buildings on three adjacent parcels, comprising 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 installed in 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 require full renovation, presenting a value-add opportunity. The properties offer ample off-street parking, with over 20 combined parking spaces. The location provides convenient access to I-84 and Route 8. Many rents remain below market, providing significant upside.