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$ 525,000
Est. payment /mo
New
74 Holmes Avenue Waterbury, CT 06710
5 Baths
3,067 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,067 sqft
Price per Sqft $171
MLS Listing ID 24139399
Full Baths 5
Year Built 1888
Annual Tax Amount $4,405
Lot Size 7,840 Sqft
Property Description
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. There is mainly on-street parking only. 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.
Location
State CT
County New Haven
Zoning RO
Interior
Heating Baseboard, Gas on Gas
Cooling Window Unit
Flooring Vinyl, Wood
Exterior
Exterior Feature Sidewalk, Gutters, Lighting
Parking Features Paved, On Street Parking
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Level Lot
Story 3
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Amanda Faroni-Sheehan • Oxford Realty