commercial
66-74 Holmes Avenue
Waterbury, Connecticut 6710
Price
$1,450,000
Price/SF
$143.25/SF
Building Size
10,122 SF
Lot Size
0.15 acres
Year Built
1890
Units
13
Property Description
Excellent investment opportunity to acquire 13 units across two multifamily properties being offered as a package - 66 & 74 Holmes Avenue in Waterbury. This offering provides a strong combination of updated units, existing cash flow, ample off-street parking, and additional value-add potential. The properties are situated on a nice corner lot with good visibility and convenient access. 66 Holmes Avenue consists of 8 units with a desirable mix of four 3-bedroom units, two 2-bedroom units, one 1-bedroom unit, and one studio. The property has undergone extensive improvements, including completely remodeled units and replacement windows. The property offers a strong unit mix with excellent income potential. 74 Holmes Avenue consists of 5 units including one 2-bedroom, three 1-bedroom units, and one studio. Improvements include a roof approximately 2 years old, replacement windows, vinyl siding, and mostly updated units. Some renovation remains, providing an investor with the opportunity to complete improvements, increase rents, and further enhance overall property performance. A diversified unit mix, substantial improvements already completed, ample off-street parking, a desirable corner lot, and significant upside potential. An attractive opportunity for an investor looking to add scale and value to a Waterbury multifamily portfolio. Properties are being offered together as a package. Seller financing may be available for qualified buyers, subject to acceptable terms.
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Additional Details
Zoning
RO
MLS Number
24212166
Property ID
1a2ae3ed-f582-4d00-92cf-4ab39287d13d
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MLS Information
MLS#: 24212166
Listed by: Oxford Realty
Agent: Amanda Faroni-Sheehan • (203) 314-4219 • amanda@oxfordrealtyco.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
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