325 East Main Street

Waterbury, CT 06702

$2,250,000
Price
21
Beds
1
Bath
17,264 Sq. Ft.
$130 / Sq. Ft.
17,264
Sq. Ft.
$130
per Sq. Ft.

Description

LOCATION & CASH FLOW in this completely renovated opportunity in a prime downtown location with a bonus for tremendous value add opportunities. This sale consists of 317 & 325 East Main St which includes a 21 Unit brick building and an adjoining mixed-use property with a long standing Mini Mart + 3 approved apartments. The two properties share a large parking area in back with room for approx. 25 cars and detached three-car garage in back. Units are a mix of studios & 1 beds - 100% occupied w/historically...LOCATION & CASH FLOW in this completely renovated opportunity in a prime downtown location with a bonus for tremendous value add opportunities. This sale consists of 317 & 325 East Main St which includes a 21 Unit brick building and an adjoining mixed-use property with a long standing Mini Mart + 3 approved apartments. The two properties share a large parking area in back with room for approx. 25 cars and detached three-car garage in back. Units are a mix of studios & 1 beds - 100% occupied w/historically low vacancy. Too many features to list including tons of energy efficient updates with a new steam boiler & new heat pump hot water heater. New electrical service, hardwired fire alarm & all LED/sensor lighting throughout. RING security in place, lead certified, fire rated doors, master key & new windows. Units are renovated w/new kitchens, baths, flooring, fixtures, low flow toilets, etc. #317 is occupied by a stable, long term mini mart w/kitchen + 3 approved studio units to be built. Amazing location: Walking Distance to Saint Mary's Hospital and the Waterbury Green + Easy Highway Access & one block to the Police Dept. The buildings give a new owner the opportunity to acquire an income-producing asset with the ability to raise rents with unit turnovers ++ the potential to finish three additional units for even more income.
  1. Listed by Amanda R Faroni-Sheehan • Oxford Realty
    P: (203) 314-4219 C: (203) 314-4219 amandafaroni25@gmail.com

Property Details for 325 East Main Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
3
Neighborhood
Downtown
Style
Units on different Floors, Units are Side-by-Side
Garage Parking Info
Detached Garage, Off Street Parking, Unassigned Parking, Unpaved
Swimming Pool
No

Location

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan
Add your commute
LISTING UPDATED: 05/02/2024 06:31 PM

Property Details for 325 East Main Street

StatusActive
MLS #24013082
Days on Market9
Taxes$52,199 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1938
Lot Size0.40 AC / 17,424 SF
CountyNew Haven County

Location

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

Building Information for 325 East Main Street

Stories-Residences22Year Built1938Building Size-Lot Size0.40 AC / 17,424 SF

Payment Calculator

$16,629 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$4,350

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 325 East Main Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Directly on E Main between Maple St & Cherry St
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.554755
  • Longitude: -73.035109
  • Neighborhood Amenities: Commuter Bus, Library, Medical Facilities, Park, Public Rec Facilities, Public Transportation, Shopping/Mall
  • State: Connecticut
Parking
  • Parking Total Spaces: 28
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $52,199
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk, Porch, Gutters, Lighting
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Window Unit
  • Heat Type: Steam
  • Attic YN: No
  • Fireplaces Total: 0
  • Home Automation: Security System, Thermostat(s)
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Laundry Room Location: shared laundry room in building
  • Rooms Total: 34
Property
Property and Assessments
  • Color: Brick
  • Construction Description: Frame, Brick
  • Exterior Siding: Brick
  • Foundation Type: Brick, Stone
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Flat
  • Year Built: 1938
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Description: 317 & 325 E Main St COMBINED
  • Living Area SQFT Per Public Records: 13552
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1383117
  • Sq Ft Est Heated Above Grade: 17264.0
  • Sq Ft Total: 17264.0
  • Zoning: CBD
Utilities
  • Energy Features: Programmable Thermostat
  • Heat Fuel Type: Other
  • 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
  • Gross Annual Expense: 84017
  • Gross Annual Income: 253680
  • Net Operating Income: $158,680
  • Occupied By: Tenant
  • Total Number of Units: 22
Unit 1
  • Listing Key: 16EECDAEA5E25824E063D501100A023F
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-02-2024
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 21
  • Unit Num Rooms: 34

Property History for 325 East Main 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 325 East Main Street

Taxable ValueLand$147,000Additions$675,780Total$822,780
Tax Record2023$44,586 ($3,716 / month)
Home Facts
Total Finished SqFt13,552 SqFtAbove Grade Finished SqFt13,552 SqFtUnfinished Basement SqFt3,388 SqFtStories4Lot Size10,454 SqFtStyleMulti-Family Res (5+ Units)Year Built1938Year Renovated1975ZoningCBDCountyNEW HAVENAPNWBRY M:0295 B:0071 L:0070

Schools near 325 East Main 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 8
Rating
School
Distance
H. S. Chase School
PublicPK to 5

West Side Middle School
Public6 to 8

John F. Kennedy High School
Public9 to 12

Waterbury Arts Magnet School (Middle)
Public6 to 8

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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325 East Main Street is a multi-family home for sale in Waterbury, CT 06702. This property was listed for sale on April 25, 2024 by Oxford Realty, it's currently listed at $2,250,000. It has been on the market for a total of 9 days and was last sold on September 1, 2015. This listing's school district is Waterbury School District. Nearby schools include H. S. Chase School, West Side Middle School and John F. Kennedy High School. 325 East Main Street is a 21-bed, 1-bath, 17,264 sqft multi-family home built in 1938.

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

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