975 Meriden Rd Waterbury, CT 06705
- Commercial real estate
- 9,980 SF
Current Use by Public Records
- 975 Chelsea Square Condominiums / Condominium Complex
Property Details for 975 Meriden Rd
- Year built
- 1987
- Property size
- 9,980 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents an eleven-unit condo portfolio situated at 975 Meriden Road, Waterbury, CT. The property encompasses a total of 9,980 square feet and is located within a high-income area of Waterbury, characterized by high pedestrian traffic and a bustling retail corridor. The portfolio comprises a mix of one- and two-bedroom units, all within a well-maintained condo complex. A significant value-add potential exists due to below-market rents and updated interiors. This offering provides a unique advantage: minimal landlord responsibilities. The condo association handles the comprehensive management of the entire complex, offering a hands-off approach for the owner. The asking price for this lucrative investment is $1,600,000. This property represents a compelling opportunity for investors seeking a stable, low-maintenance, high-return investment in a desirable Connecticut location. The property is offered as a complete portfolio, providing immediate income generation and significant long-term growth potential. The location's high visibility and pedestrian traffic ensure consistent occupancy and rental income. This is a rare chance to acquire a substantial ownership stake in a thriving Waterbury commercial complex.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9864
- Latitude
- 41.5532
