74 Holmes Ave - Storefront Retail/Residential FOR SALE


Waterbury, CT 06710- Downtown Waterbury
$525,000 USD
203-314-4219
74 Holmes Ave, Waterbury, CT for Sale
$525,000 USD
Storefront Retail/Residential - FOR SALE
1/24
null | 9.23% Cap Rate

74 Holmes Ave
Waterbury, CT 06710
Downtown Waterbury


HIGHLIGHTS

  • 5 Unit Investment
  • Nice Corner Lot
  • Vinyl Siding, Roof 2 Years Old, Replacement Windows, New Front Porches
  • Good Rental Income Potential
  • 9% CAP w/Full Occupancy

OVERVIEW

Calling all investors! Don't miss this well-maintained 5-unit investment property offering a strong 9% CAP rate (at full occupancy). This turnkey, cash-flowing asset features a nicely updated exterior with vinyl siding, replacement windows, a 2-year-old roof, new front porches, and sits prominently on a corner lot. The unit mix includes (1) studio and (1) one-bedroom on the first floor, (2) one-bedroom units on the second floor, and (1) two-bedroom unit on the third floor, providing the potential for good rental income potential. Interior highlights include hardwood floors and updated kitchens and baths in select units. The utilities are separate and tenant-paid, minimizing owner expenses. Mainly on-street parking. Conveniently located on the corner of Grove and Holmes, directly across from Hayden Park, and within walking distance to the Waterbury Green, YMCA, downtown, shopping, and highway access-this property offers the ideal blend of low maintenance and strong returns.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

9.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9% CAP: 5 Units, Walk to Downtown

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RO

APN/PARCEL ID

WATE-000254-000005-000116

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

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