140 Grand St - Apartments FOR SALE


Waterbury, CT 06702- Downtown Waterbury
$1,395,000 USD
860-882-8784
140 Grand St, Waterbury, CT for Sale
$1,395,000 USD
Apartments - FOR SALE
1/6
null | 8.5% Cap Rate

140 Grand St
Waterbury, CT 06702
Downtown Waterbury


OVERVIEW

Turnkey Mixed-Use Investment Opportunity | Fully Renovated | Zero Vacancy.  140 Grand Street presents a rare opportunity to acquire a stabilized, cash flowing mixed use asset in the heart of Waterbury. This well maintained property consists of nine residential apartments and one commercial storefront, offering investors immediate income with zero current vacancy and strong in-place cash flow.  The residential units have been extensively renovated, featuring updated interiors, modern finishes including mini-splits, and turnkey condition throughout. The commercial space provides additional income diversification while benefiting from excellent visibility and established tenancy.  With a current gross annual income of approximately $171,000 the property delivers strong investment fundamentals and an attractive 8.5% cap rate. The building is well maintained with a favorable operating expense ratio and requires minimal maintenance, making it an ideal acquisition for both seasoned investors and those seeking a passive income-producing asset.  Centrally Located in Downtown Waterbury,   this is a true turnkey asset offering immediate cash flow, stable tenancy, and long term appreciation potential in one of Waterbury's established mixed use corridors.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

9

PRICE/UNIT

$155,000

CAP RATE

8.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,276 SF

ZONING

CBD

APN/PARCEL ID

WATE-000294-000270-000029

ASK ABOUT THIS PROPERTY

Natalie ZoefVanguard Private Client GroupMore Info
860-882-8784

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Natalie ZoefVanguard Private Client GroupMore Info
860-882-8784

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.