1615 Main St Waterbury, CT 06705
- Commercial real estate
- 8,349 SF
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1615 Main St
- Year built
- 1925
- Lot size
- 0.16 lot acres
- Property size
- 8,349 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully renovated six-unit residential brick building situated at 1615 E Main Street in Waterbury, Connecticut. The property boasts a total of 8,349 square feet and sits on a 0.16-acre lot. Each of the six units offers three bedrooms and two full bathrooms, providing ample living space for residents. A significant advantage is the inclusion of a six-bay brick garage, with each unit having access to one bay. This adds considerable value and convenience for tenants. The building's location is highly desirable, situated on the East End of Waterbury directly across from Hamilton Park. This expansive park recently underwent improvements, including the addition of a new community pool, enhancing the property's appeal and desirability. The property's strong rental income potential makes it an attractive investment for those seeking a high return on investment. The current owner is undertaking a 1031 exchange, presenting a streamlined transaction process for the buyer. This meticulously maintained property offers a rare blend of location, amenities, and income potential, making it an ideal addition to any investment portfolio. The property is ready for immediate occupancy and offers a stable income stream. Serious inquiries are encouraged.
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
- -73.01534
- Latitude
- 41.54644
