BHGRE Bannon & Hebert
Lori Geraci, BHGRE Bannon & HebertPhone: (203) 910-0997
Email: [email protected]

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listing
1 of 31
MultifamilyFor Sale
$625,000
731 S Main Street
Waterbury, CT 06706
Courtesy of Clermont Real Estate
MLS: Smart MLS
11Beds
3Full2Half Baths
Est. Mortgage
$3,326/mo

Here is the money maker you have been looking for. The monthly rent roll is $6,800/mo. The gross annual rent is $81,600 a year. The gross annual return on investment is 13.1 percent. Try to get that kind of return in your money market account or your 401k! The building is comprised of Three 3 bedroom units and 2 store fronts. The interior and exterior of the building as well as all of the apartments have been fully remodeled and are rented. The left side store front is currently in the process of being remodeled. This space has been rented for $1,000/mo (tenant will take occupancy once the renovations are complete). The right side store front is also currently in the process of being remodeled. This space has been rented for $1,100/mo. (tenant will take occupancy once the renovations are complete). The 1st floor unit pays $1,500/mo. The 2nd floor unit pays $1,600/mo. The 3rd floor unit pays $1,600/mo. The furnaces and hot water heaters are new. All utilities are separately metered. The tenants pay their own gas and electric. If you are looking for a solid investment with an excellent ROI, you found it here!

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Information courtesy of Clermont Real Estate is subject to verification and is not guaranteed. Listing Data Last Updated 11/21/2024 07:51 AM
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