174 Willow Street

Waterbury, CT 06710

$2,700,000
Price
31
Beds
31
Baths
22,374 Sq. Ft.
$121 / Sq. Ft.
22,374
Sq. Ft.
$121
per Sq. Ft.

Description

Underperforming asset with great upside. Large, corner mixed-use building with 35 total Units consisting of: (4) retail units and (31) apartments. 3/4 retail units are occupied by the supermarket (2 spaces) and smoke shop. The 31 apartments unit mix is (1) 2 bed, (9) 1 beds and 21 studios. Many rents are below market = with a lot of room to increase the income. The heat and hot water are gas and owner paid. The electric is separate and tenant paid (but included in some of the program rents). 4-story...Underperforming asset with great upside. Large, corner mixed-use building with 35 total Units consisting of: (4) retail units and (31) apartments. 3/4 retail units are occupied by the supermarket (2 spaces) and smoke shop. The 31 apartments unit mix is (1) 2 bed, (9) 1 beds and 21 studios. Many rents are below market = with a lot of room to increase the income. The heat and hot water are gas and owner paid. The electric is separate and tenant paid (but included in some of the program rents). 4-story elevator building. Roughly 60% of the units were renovated in the last 1-2 years. Security system installed. On-Street parking only and no yard = low/inexpensive exterior maintenance. Great opportunity for value add asset with good ARV.
  1. Listed by Amanda R Faroni-Sheehan • Oxford Realty
    P: (203) 314-4219 C: (203) 314-4219 amandafaroni25@gmail.com

Property Details for 174 Willow Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
Hillside
Style
Other
Garage Parking Info
None
Swimming Pool
No

Location

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan
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LISTING UPDATED: 05/27/2024 01:26 PM

Property Details for 174 Willow Street

StatusActive
MLS #24020197
Days on Market25
Taxes$33,351 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1910
Lot Size0.14 AC / 6,098 SF
CountyNew Haven County

Location

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan
Add your commute

Building Information for 174 Willow Street

Stories-Residences35Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$17,514 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$2,779

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 174 Willow Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Located on the corner of Willow and Kellogg
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.562523
  • Longitude: -73.047646
  • Neighborhood Amenities: Library, Medical Facilities, Public Rec Facilities, Public Transportation
  • State: Connecticut
Parking
  • Parking Total Spaces: 0
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $33,351
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk, Porch, Lighting
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Window Unit
  • Heat Type: Radiant
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Rooms Total: 31
Property
Property and Assessments
  • Color: Brick
  • Construction Description: Brick
  • Exterior Siding: Brick
  • Foundation Type: Brick
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1910
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 22374
Lot Information
  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 1378060
  • Sq Ft Est Heated Above Grade: 22374.0
  • Sq Ft Total: 22374.0
  • Zoning: RM
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Other
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Estimated Annual Heat Cost: 18200
  • Gross Annual Expense: 116178
  • Gross Annual Income: 363900
  • Net Operating Income: $227,517
  • Occupied By: Tenant
  • Total Number of Units: 35
  • Total Rooms Multi Family: 31
Unit 1
  • Listing Key: 19257200B4E0F8B9E0631401100A9585
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 31
  • Unit Modified Date: 05-27-2024
  • Unit Num Bedrms: 31
  • Unit Num Rooms: 31
  • Unit Occupied By: Tenant

Property History for 174 Willow Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 174 Willow Street

Taxable ValueLand$201,950Additions$1,076,740Total$1,278,690
Tax Record2023$69,292 ($5,774 / month)
Home Facts
Total Finished SqFt22,374 SqFtAbove Grade Finished SqFt22,374 SqFtUnfinished Basement SqFt5,704 SqFtStories4Lot Size6,098 SqFtStyleOffice BuildingYear Built1910Year Renovated1965ZoningRMCountyNEW HAVENAPNWBRY M:0234 B:0540 L:0043

Schools near 174 Willow Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Driggs School
PublicPK to 5

North End Middle School
Public6 to 8

Wilby High School
Public9 to 12

Enlightenment School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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174 Willow Street is a multi-family home for sale in Waterbury, CT 06710. This property was listed for sale on May 23, 2024 by Oxford Realty, it's currently listed at $2,700,000. It has been on the market for a total of 25 days and was last sold on September 14, 2022. This listing's school district is Waterbury School District. Nearby schools include Driggs School, North End Middle School and Wilby High School. 174 Willow Street is a 31-bed, 31-bath, 22,374 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.