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$ 1,395,000
Est. payment | /mo
2 Baths
6,596 SqFt
$ 1,395,000
Est. payment | /mo
2 Baths
6,596 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,596 sqft
Price per Sqft $211
MLS Listing ID 24186448
Full Baths 2
Year Built 1900
Annual Tax Amount $12,094
Lot Size 2,178 Sqft
Property Description
Turnkey Mixed-Use Investment Opportunity | Fully Renovated | Zero Vacancy. 140 Grand Street presents a rare opportunity to acquire a stabilized, cash flowing mixed use asset in the heart of Waterbury. This well maintained property consists of nine residential apartments and one commercial storefront, offering investors immediate income with zero current vacancy and strong in-place cash flow. The residential units have been extensively renovated, featuring updated interiors, modern finishes including mini-splits, and turnkey condition throughout. The commercial space provides additional income diversification while benefiting from excellent visibility and established tenancy. With a current gross annual income of approximately $171,000 the property delivers strong investment fundamentals and an attractive 8.5 cap. The building is well maintained with a favorable operating expense ratio and requires minimal maintenance, making it an ideal acquisition for both seasoned investors and those seeking a passive income-producing asset. Centrally Located in Downtown Waterbury, this is a true turnkey asset offering immediate cash flow, stable tenancy, and long term appreciation potential in one of Waterbury's established mixed use corridors.
Location
State CT
County New Haven
Zoning CBD
Interior
Heating Wall Unit
Cooling Split System
Exterior
Utilities Available Electric
Roof Type EPDM Synthetic Rubber,Flat
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Natalie Zoef • Vanguard Private Client Grp
Nearby Locations
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