Nest Seekers

Excellent investment opportunity to acquire 13 units across two multifamily properties being offered as a package 66 74 Holmes Avenue in Waterbury.

66-74 Holmes
Waterbury, CT 06710

Listing

Web ID:5787063
Website:https://www.nestseekers.com/5787063

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 11
Area: 10122 sq ft

Financials

Price:$1,450,000
Annual Taxes:$16,113

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.

Amenities

  • Elementary School -
  • High School -
  • Intermediate School -
  • Window Unit

Contact

Greenwich, CT
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Phone: +1 203-204-9555
greenwich@nestseekers.com
Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty
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