Nest Seekers

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

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 Rob Rosa of Berkshire Hathaway NE Prop.
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