140 Grand Street, Waterbury, CT 06702
140 Grand Street, Waterbury, CT 06702
140 Grand Street, Waterbury, CT 06702
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Dawn Cabral

Dawn Cabral

+1(203) 228-7564
$1,395,000
Est. payment /mo
2 Baths
6,596 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,596 sqft

Price per Sqft $211

MLS Listing ID 24186448

Full Baths 2

Year Built 1900

Annual Tax Amount $12,094

Lot Size 2,178 Sqft

Property Description

Turnkey Mixed-Use Investment Opportunity | Fully Renovated | Zero Vacancy. 140 Grand Street presents a rare opportunity to acquire a stabilized, cash flowing mixed use asset in the heart of Waterbury. This well maintained property consists of nine residential apartments and one commercial storefront, offering investors immediate income with zero current vacancy and strong in-place cash flow. The residential units have been extensively renovated, featuring updated interiors, modern finishes including mini-splits, and turnkey condition throughout. The commercial space provides additional income diversification while benefiting from excellent visibility and established tenancy. With a current gross annual income of approximately $171,000 the property delivers strong investment fundamentals and an attractive 8.5 cap. The building is well maintained with a favorable operating expense ratio and requires minimal maintenance, making it an ideal acquisition for both seasoned investors and those seeking a passive income-producing asset. Centrally Located in Downtown Waterbury, this is a true turnkey asset offering immediate cash flow, stable tenancy, and long term appreciation potential in one of Waterbury's established mixed use corridors.

Location

State CT

County New Haven

Zoning CBD

Interior

Heating Wall Unit

Cooling Split System

Exterior

Utilities Available Electric

Roof Type EPDM Synthetic Rubber,Flat

Building

Lot Description Level Lot

Sewer Public Sewer Connected

Water Public Water Connected

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Listed by Natalie Zoef • Vanguard Private Client Grp

 

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Dawn Cabral

Dawn Cabral

Owner/Broker

+1(203) 228-7564

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140 Grand Street