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    157 Hillside Ave Waterbury, CT 06710

    Sponsored
    For Sale
    $6,500,000

    Profitable 25-bed facility, fully renovated.

    Property size:
    20,185 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents the Carriage Manor Residential Care Facility, a thriving 25-bed senior living community located at 157 Hillside Ave, Waterbury, CT 06710, in New Haven County. The property boasts a Class A designation and encompasses 20,185 square feet across three stories within a single building situated on a 0.76-acre lot. Completely renovated in 2011 at a cost of $4,000,000, the facility currently operates at 100% occupancy, demonstrating a long-term stable investment potential. Key features include a full commercial kitchen, elevator access to all three floors, and a separate two-car garage with an attached three-bedroom apartment. Its convenient location between Hartford and Danbury ensures accessibility for residents and staff. The asking price for this turnkey business and real estate package is $6,500,000. This represents a rare opportunity to acquire a high-performing senior care facility with a proven track record of success and strong historical occupancy levels (99.9%). Detailed financial information is available upon request.

    Property Features for 157 Hillside Ave

    General Information

    Property type
    Retirement homes
    Square Feet
    20,185 SF
    Class
    A
    Lot Size
    33,106 SF

    Building Details

    Year Renovated
    2011
    Buildings
    1
    Stories
    3
    Units
    25

    HighLights

    • Exceptional business and real estate investment opportunity.
    • Long‑term lease provides stable income stream.
    • Demonstrates nearly perfect occupancy history (99.9%).
    • Detailed financial information available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carriage Manor LLC Assisted Living Facility

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.046031217467
    Latitude
    41.561472337792

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    FAQs

    What type of property is this?
    Retirement home - Profitable 25-bed facility, fully renovated.
    Where is this retirement home located?
    The property is located at 157 Hillside Ave Waterbury, CT.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Exceptional business and real estate investment opportunity.; Long-term lease provides stable income stream.; Demonstrates nearly perfect occupancy history (99.9%).
    Request Owner's contact information
    157 Hillside Ave Waterbury, CT 06710
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    Waterbury, CT 06710
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157 Hillside Ave Waterbury, CT 06710
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