9
See all 9 photos
$1,700,000
Est. payment /mo
16 Baths
11,360 SqFt
New
48 Mitchell Avenue Waterbury, CT 06710
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,360 sqft
Price per Sqft $149
MLS Listing ID 24146375
Full Baths 16
Year Built 1900
Annual Tax Amount $27,871
Lot Size 6,098 Sqft
Property Description
Amazing investment opportunity in downtown Waterbury's Central Business District. Situated on a corner lot, 48 Mitchell Street is a well-maintained 4-story brick building comprised of sixteen (16) one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been turned and updated, featuring a combination of vinyl plank and hardwood flooring, along with a variety of kitchen and bathroom improvements throughout. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking only contributes to a low-maintenance ownership profile. Ideally located within walking distance to Downtown, St. Mary's Hospital, shopping, public transportation, and offering convenient access to nearby highways, this property presents a strong long-term investment.
Location
State CT
County New Haven
Zoning CBD
Interior
Heating Hot Water
Cooling Window Unit
Flooring Tile, Vinyl
Exterior
Exterior Feature Sidewalk, Gutters, Lighting
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Flat
Building
Lot Description Corner Lot, Level Lot
Story 4
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Amanda Faroni-Sheehan • Oxford Realty
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