975 Meriden Rd Waterbury, CT 06705
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.
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975 Chelsea Square Condominiums Condominium Complex
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.