709 South Main Street $725,000

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    709 South Main Street Waterbury, CT 06706

    Under Contract
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    • 5,400 sq. ft.
    • 0.21 Acres
    • Commercial
    • MLS# 170456497
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    Views: 10 Days On Site: 143

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    Property Details

    Description Tours

    Great Investment opportunity! This 7 Unit Mixed Use Property has gone through extensive renovations over the 30+ years by this same owner. 6 Fully Occupied Rental Units on the Upper Levels & 1 Retail/Restaurant on ground level w/a 5 year lease until 2026. All tenants are current on rents. Each residential unit has its own gas furnace & ability for w/d hookups. (1) 3 BDRM & (5) 2 BDRM units. So easy to maintain, due to the pride & dedication of the seller. Plenty of off street parking for the tenants. Restaurant pays a portion of the trash removal (currently $260/month) on top of their current monthly rent of $1,600, increasing to $1,700 (Mar 22 - Mar 24) then to $1,900 (Mar 24 - Mar 26). That alone pays for the building upkeep! 2 New C/Air units installed for restaurant in 2020, New exhaust hood in 2021. New Front Façade completed 2021. Add this property to your investment portfolio or start out with this one, you won't be disappointed. Seller will be on hand for all showings for more information, too much to list here! Drive by, if interested book a showing! Also listed as MLS# 170456501. Don't miss out on this opportunity!

    • General Features
      • Zoning CG
      • Year Built 1903
      • Neighborhood South End
      • Sq Ft Total 5,400
      • Acres 0.21
      • Bank Owned Property Y/N 0
      • Property Tax $12,084
      • County Or Parish New Haven
    • Building Features
      • Construction Description Frame
      • Cooling System None
      • Heat Fuel Type Natural Gas
      • Heat Type Radiant
    • Property Features
      • Water Source Public Water Connected
      • Utilities Available Electric,Gas,Cable Available
      • Parking Total Spaces 0
      • Sewage System Public Sewer Connected
      • Road Frontage Description Paved Road
      • Flood Zone Y/N 0
      • Garage Parking Info Driveway, Off Street Parking, Parking Lot

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    Neighborhood

    06706 (Waterbury) Demographics

    35 Median Age
    3,554 Population Density (per sq. mile)
    18% College Educated
    $43,017 Estimated Median Income
    2,394 Estimated Total Home Owners
    2,643 Estimated Total Renters
    48% / 52% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    13,997 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $189,950 Median Sales Price
    14 Homes Sold
    12 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $725,000
        1/12/2022 1:34:08 PM Status Changed Source: Multiple Listing Service New Value: Under Contract
        1/5/2022 9:04:00 AM New in Database Source: Multiple Listing Service New Value: $725,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.