New England Realty Associates

License #: REB.0788850

Phone:
203-774-4800
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  • $395,000
    City:
    Waterbury
    Zip Code:
    6708
    Bathrooms:
    2 + 2
    Lot size:
    0.13 Acres

    Investors take notice. A mixed-use property located at the desirable area in Waterbury. A successful eat-in and take out Restaurant on the ground floor. Lease will expire in 2029. Four bedrooms / two bathrooms residential unit on the 2nd floor with a detached garage. Newer roof, large deck. Rents are below market; 2nd floor lease will expire in July 2024. Current annual gross income is $43,800 and tenants pay their own utilities. 2nd floor rent will raise to $2,300 after July 2024. The potential annual gross income will be $55,200. Great income property. Don't miss this investment opportunity!

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