701 South Main
Waterbury, CT 06706
- 24 beds
- 6 baths
- 7,728 sqft
- ~1/2 acre lot
- $362 per sqft
- 1900 build
- – on site
TURN KEY portfolio opportunity in the South End almost entirely renovated inside and out! The sale consists of 3 adjacent parcels with 6 buildings = 23 apartments and 2 commercial spaces for a total of 25 units. The unit mix is: (6) 4 bed units, (11) 3 bed units and (6) 2 bed units. 5 Bldgs feature separate, and tenant paid utilities - all electric H, HW & cooking. Bldg 701 has 6 apartments with owner paid gas heat (only), and separate, tenant paid electric + hot water. 5 out of 6 Bldgs have undergone the City of Waterbury de-leading program + plus are completely renovated with new vinyl siding, replacement windows, interior unit updates, updated electrical, new/rebuilt porches and roofs (all in 2017). Majority of the units have hardwood floors throughout, huge layouts, updated kitchens and baths. Historically low vacancy and strong tenant base. There is a common/coin op laundry room in Bldg 691 for all tenants to use. The 2 commercial spaces are separate utilities and need total renovation. There is ample, off-street parking for each property, with a total of over 20 spaces combined. Great location for tenants with easy access to i84 & Rt8. Most of the rents are under market which offers huge UPSIDE potential w/23% ROI/11+% CAP rate.
Last checked:
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Last updated Apr 10, 2025
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MLS# 24087525 —
The Building
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Year Built:1900
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Units on different Floors, Units are Side-by-Side
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Roof Information:Asphalt Shingle, Flat
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Attic:Yes
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Attic Description:Unfinished, Crawl Space, Access Via Hatch
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Exterior Siding:Vinyl Siding
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Foundation Type:Masonry, Stone
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Basement Description:Full, Unfinished
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Exterior Features:Sidewalk, Gutters, Lighting, Patio
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SqFt Total:7728
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SqFt Est Heated Above Grade:7728
Interior
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Laundry Room:Common Laundry Area
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Laundry Room Location:691 S Main St rear has a common laundry.
Room Dimensions
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Living Area SqFt Per Public Record:7728
Location
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Directions:S Main St between Mill & Bond St.
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Neighborhood:South End
The Property
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Parcel Number:1388638
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Property Type:Multi-Family For Sale
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Property Subtype:5 Family+
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Zoning:CG
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Acres:0.55
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Acres Source:Public Records
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Flood Zone:No
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Lot Description:Level Lot
Listing Agent
- Contact info:
- Agent phone:
- (203) 314-4219
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:65541
Beds
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Beds Total:24
Baths
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Total Baths:6
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Full Baths:6
The Listing
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Virtual Showing:No
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Home Warranty Offered:No
Heating & Cooling
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Heat Type:Baseboard, Hot Air
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Heat Fuel Type:Electric, Natural Gas
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Cooling System:Window Unit
Utilities
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Water Source:Public Water Connected
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Sewage System:Public Sewer Connected
Schools
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Elementary School:Per Board of Ed
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High School:Per Board of Ed
The Community
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Nearby Amenities:Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Not Applicable
Parking
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Garage & Parking:None, Off Street Parking, Driveway, Unpaved
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Parking Total Spaces:12
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/10/25
Apr 10, 2025
|
Listed / Active | SMART_MLS | $2,800,000 |
