360 Pine St Waterbury, CT 06704

This exceptional investment opportunity presents a fully occupied two-unit apartment building located at 360 Pine St, Waterbury, CT 06704. The property, situated on a 0.1-acre lot (APN 1375380), offers 1,800 square feet of living space and is zoned RM. Built in 1900, the building features a newer metal roof and a private driveway, minimizing maintenance needs. Currently, the property boasts two units rented below market value, presenting a significant opportunity for increased income. The first-floor unit comprises one bedroom, a spacious living room, an eat-in kitchen, and a full bathroom. The second unit, spanning the second and third floors, includes four bedrooms, an eat-in kitchen, and a full bathroom. The property's prime location directly across from Washington Park provides tenants with convenient access to green spaces, playgrounds, and recreational facilities, enhancing its appeal and rental value. Local market data indicates that similar one-bedroom units rent for approximately $1,100, while four-bedroom units command up to $1,850 per month. With some cosmetic updates and improvements, this property's rental income can be substantially increased. This is a fantastic opportunity for investors seeking a solid return on investment in a desirable Waterbury location. The asking price is $220,000. The property is sold as-is.