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$959,900

Est. payment - /mo

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22 Beds

8 Baths

10,401 SqFt

Active

63 Cherry Street Waterbury, CT 06702

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Criterion Real Estate LLC

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Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 10,401 sqft

Price per Sqft $92

MLS Listing ID 24087127

Style Units on different Floors,Units are Side-by-Side

Bedrooms 22

Full Baths 8

Year Built 1915

Annual Tax Amount $19,447

Lot Size 8,276 Sqft

Property Sub-Type 5 Family+

Property Description

Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units - fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space - fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 - tobacco shop uses the ground level - also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 11.5+% CAP & 22% ROI.

Location

State CT

County New Haven

Zoning CBD

Rooms

Basement None

Interior

Heating Hot Water

Cooling Window Unit

Exterior

Exterior Feature Sidewalk, Porch, Gutters, Lighting

Parking Features Detached Garage, On Street Parking, Off Street Parking, Driveway

Garage Spaces 2.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Masonry, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Amanda Faroni-Sheehan • Oxford Realty