174 Willow Street new

Waterbury,CT 06710

$ 2400000

0 Bed

7 Baths

22374 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 22,374 sqft

Price per Sqft $107

MLS Listing ID 24087734

Full Baths 7

Year Built 1910

Annual Tax Amount $63,218

Lot Size 6,098 Sqft

Property Description

Underperforming asset with great upside. Large, corner mixed-use building with 35 total Units consisting of: (4) retail units and (31) apartments. 3/4 retail units are occupied by the supermarket (2 spaces) and smoke shop. The 31 apartments unit mix is (1) 2 beds, (9) 1 bed and 21 studios. Many rents are below market = with a lot of room to increase the income. The heat and hot water are gas and owner paid. The electric is separate, and tenant paid (but included in some of the program rents). 4-story elevator building. Roughly 60% of the units were renovated in the last 1-2 years. Security system installed. On-Street parking only and no yard = low/inexpensive exterior maintenance. Great opportunity for value add asset with good ARV.

Location

State CT

County New Haven

Zoning RM

Interior

Heating Radiant

Cooling Window Unit

Exterior

Exterior Feature Sidewalk,Roof Sign,Awnings,Lighting,Door Sign

Utilities Available Electric,Gas,Phone Available,Cable Available

Roof Type Asphalt Shingle

Building

Lot Description Corner Lot,Level Lot

Story 4

Foundation Brick

Sewer Public Sewer Connected

Water Public Water Connected

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