300, 000 IN SELLER FINANCING RENTAL INCOME UPSIDE !
1900 East Main
Waterbury, CT 06705
Listing
| Web ID: | 5803071 |
|---|---|
| Website: | https://www.nestseekers.com/5803071 |
Property
| Ownership: | Commercial |
|---|---|
| Type: | Commercial |
| Bathrooms: | 4 |
| Area: | 12348 sq ft |
Financials
Price:$1,490,000
Annual Taxes:$38,648
Description
$300,000 IN SELLER FINANCING + RENTAL INCOME UPSIDE! At 1900 East Main St, Waterbury, the seller is willing to accept a $300,000 note toward the purchase price INSTEAD of receiving that amount in cash at closing-a major opportunity for buyers seeking seller financing! Combine a primary bank loan with a second-position seller note at 8% interest and a 10-year balloon, subject to lender approval, required buyer equity and agreed terms. This East End mixed-use property features 10 apartments, a grocery storefront and a long-standing bar space. Below-market apartment rents offer potential rental upside as leases and market conditions allow. Eight spacious two-bedroom apartments feature dining rooms, plus two main-level one-bedroom units. Some tenants are long-term residents. Electric baseboard heat is tenant-paid, and coin-operated laundry provides additional income. Highlights include a brand-new rubber membrane roof, a new monitored fire system with hardwired smoke detectors, fire-rated apartment entry doors, emergency lighting, security system and LED lighting. High visibility, foot and vehicle traffic, 12 off-street parking spaces and additional on-street parking enhance its appeal.
Amenities
- Central Air
- Door Sign
- Elementary School -
- High School -
- Intermediate School -
- Sidewalk
- Window Display
Contact
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Phone: +1 203-204-9555
Listing Courtesy of Rob Rosa of Berkshire Hathaway NE Prop.