1900 E Main St - Apartments FOR SALE


Waterbury, CT 06705- Downtown Waterbury
$1,350,000 USD
203-486-9039
1900 E Main St, Waterbury, CT for Sale
$1,350,000 USD
Apartments - FOR SALE
1/7
null | 7.24% Cap Rate

1900 E Main St
Waterbury, CT 06705
Downtown Waterbury


HIGHLIGHTS

  • Convenient Location
  • Value Add Potential
  • Capital Improvements & Utilities
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the mixed-use investment property located at 1900 E Main Street in Waterbury, Connecticut (the “Property”). The mixed-use Property is improved by a three-story building and contains twelve (12) total units comprised of two (2) commercial units and ten (10) residential units. The commercial units are 100% occupied by Briana Mini Market and The Cave and the residential units consist of eight (8), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom Units with 12,348 square feet of living area in 13,748 square feet of gross area on a 0.2-acre corner parcel. The Property benefits from ten (10) on-site parking spaces at the rear of the Property. 1900 E Main Street is well-located in a densely populated neighborhood in Waterbury’s East End neighborhood. The property is positioned at the intersection of E Main Street and Knoll Street and enjoys convenient access to Downtown Waterbury, area schools, and major area employers. The Property is 0.35 miles from Interstate 84 and is close to Wolcott Street, Reidville Drive and Union Street, the area’s primary commercial corridors which are home to countless national and local retailers and restaurants. 1900 E Main Street provides quick access to area highways, public transportation, hospitals, and major area employers. Waterbury is positioned between Hartford and Danbury along the Interstate 84 corridor in west-central Connecticut, providing convenient access to the state’s largest cities and employment markets.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

12

PRICE/UNIT

$112,500

CAP RATE

7.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1900 E Main St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

WATE-000397-000111-000001

ASK ABOUT THIS PROPERTY

Tom ConnorHorvath & TremblayMore Info
203-486-9039

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Tom ConnorHorvath & TremblayMore Info
203-486-9039

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