453 W Main St, Waterbury, CT 06702

We are offering a beautiful well kept 9650 square foot 17 unit brick apartment building for $650,000. The property is comprised of 4 first floor units, one is a business that uses two spaces, a bar, and a tattoo parlor. The 2nd and 3d floors of the building have 13 apartments that are comprised of six (6) 2 room apartments and seven (7) 3 room apartments. Of the 4 first floor units two (2) have gas hot air furnaces and one has an oil hot water boiler. All the apartments have gas heat and are in excellent condition. The building has been very well kept and is in great condition inside and out. The current owner / manager has been managing the property for 9 years and will continue to do so with arrangements with the new owner if so requested. The property is currently grossing $134,000 annually with a net operating income of $85,000 with a cap rate of 13%. On request we will provide a pro forma income and expense statement for the property. For further information and to set up an appointment to view the property please contact Michael DiCarlo at the Francis T. Zappone Company 37 Meriden Road Waterbury Connecticut 06705. To leave me a voice mail message 24/7 please call 203-781-9420, thank you.