9 am to 5 pm

Monday to Friday

819 Straits Turnpike Suite 3B

Middlebury, CT 06762

1 203 753 5800

Compare Listings

351 East Main Street Waterbury CT

351 E Main St, Waterbury, CT 06702, USA
$425,000

Description

PROPERTY OVERVIEW

 

The property consists of  2 buildings: Apartments & a Commercial Building. The apartments consist of a studio, a 2 bedroom and two 3-bedroom apts. The commercial building consists of two commercial tenants, Check-Cashing & Liberty Tax. The property also has a billboard on premise.

Floor coverings consist of wood, ceramic tile, vinyl & carpet.

Kitchens contain wall and base cabinets, refrigerator, gas stove, and basin sink.

Off-street parking is included with this property.

PROPERTY LOCATION AND DESCRIPTION

The property is located approximately .5 miles from RT-8 and .5 mile from I-84 along East Main St.

The area consists of single family homes, as well as condominiums and commercial strip plazas, Shaw’s Supermarket. Close proximity to downtown,  Brass Mills Mall, St. Mary’s Hospital and

Police Station.

PROPERTY DESCRIPTION SUMMARY

 Sale Price:                           $425,000.00

Property Address:               351 East Main St. Waterbury, CT. 06705

COMMERCIAL                   APARTMENTS

Number of Stories:  1 2

Year Built: 1928 1928

Construction Exterior:           Brick/Stucco        Aluminum Siding

Foundation:   Concrete        Stone

Roof:   Rubber (2Yrs.)        Asphalt Shingles (13Yrs.)

Windows: Commercial Grade            Double-Hung Pane

Gutters:  Aluminum                          Aluminum

Floor Covering:  Wood /Carpet         Wood/Vinyl/Tile/Carpet

Walls:  Sheet Rock         Sheet Rock

Ceilings:     Sheet Rock                  Sheet Rock

Interior Doors:  Wood/Glass         Wood

Utilities Available: Water/Sewer/Electric/Gas  Water/Sewer/Electric/Gas

INTERIOR SUMMARY

 Fuel: Gas/Electric Gas/Electric

Heat Paid By: Tenants * see below

Distribution: Radiant/Hot Air Radiant/Hot Air

Hot Water: Hot Water Tanks Hot Water Tanks

Hot Water Paid By: Tenants * see below

Air Conditioning: CAIR Individual – Window

* – 3 Tenants pay their own HEAT & HOT WATER

* – Studio – Owner pays HEAT & HOT WATER (Owner’s Meter)

DETAILS                          COMMERCIAL                   APARTMENTS

 Cabinets:                                     Wooden                            n/a

Counter Tops:                            Laminate                           n/a

Appliances: Gas Stove, Refrigerator n/a

Full Bath: Combination Tub/Shower Vanity/Toilet      Vanity/Toilet

Vanity/Toilet

 SITE DETAILS

Acres: .16

Zone: CBD

Type of Parking:  Off-street Off-street

Topography:           Level Level

Shape:  Rectangle Rectangle

Sewer:  Municipal Municipal

Water:  Municipal Municipal

Electric: 200A/240V/Single 400A/240V/Single

OPERATING STATEMENT

 INCOME

Apts.      

1-$650  Studio – 9/2017

2-$650   2BR.  – 12/2018

3-$825   3BR. –  3/2019

4-$926   3BR. –  3/2015  Sect. 8

Tax Service – $800 – (3 Yr. + 3 Yr. opt. w/2% annl.incr.) – 2001

Check Cash – $1,200 – (3 Yr. + 3 Yr. opt. w/2% annl.incr.) – 2001

Outdoor Media $2,000/Yr. * – (10 Yr.Lease Fixed   12/31/15-12/31/25)

* – Commission is also paid to LL if sales exceed a certain amount.

Past amounts ranged from $00 – $3,000/Yr.

Total Income       $62,612.00

OPERATING EXPENSES

Owner’s Electric        $3,602.00

Sewer & Water          1,257.00

Real Estate Tax          8,995.00

Insurance          3,300.00

Repairs       2,240.00

Snow/Maint.                  2,150.00

TOTAL EXPENSES                 $21,544.00

NET OPERATING INCOME $41,068.00

 CAP RATE  9.6%

 

 

 

 

Property Documents

  • City: Waterbury
  • State/county: Connecticut
  • Country: United States

Detail

Updated on June 28, 2021 at 11:13 am

  • Property ID: MCP-5412
  • Price: $425,000
  • Land Area:0.16 acres
  • Year Built: 1928
  • Property Type: Multifamily, Multifamily
  • Property Status: For Sale

Contact info

Nick Longo
Nick Longo

Inquire about this property






No Review ( 0 out of 5 )

Write a Review

Login for Review