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Property profile & analytics
OFF-MARKET
Commercial real estate

975 Meriden Rd Waterbury, CT 06705

9,980 SF Built 1987
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1987
Total area 9,980 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 975 Chelsea Square Condominiums Condominium Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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