Turnkey Mixed Use Investment Opportunity Fully Renovated Zero Vacancy.


Property

Website:https://www.nestseekers.com/5591665
Address:
140 Grand
Waterbury, CT 06702
Ownership: Commercial
Type: Commercial
Bathrooms: 2
Area: 6596 sq ft

Financials

Price:$1,395,000
Annual Taxes:$12,094

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.

Amenities

  • Elementary School -
  • High School -
  • Intermediate School -
  • Split System

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Natalie Zoef of Vanguard Private Client Grp