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Located in the heart of downtown Waterbury, this 20 unit apartment complex consists of 3 recently rebuilt apartment buildings. This pristine property offers a mix of 1, 2 and 3 bedroom apartments and is the perfect addition to your portfolio. Your tenants will enjoy an easy walk to all the brew pubs, restaurants and activities Waterbury has to offer, plus the Apartments provide on-site laundry, covered porches, ample parking and the ease of living in a up to date modern building. Waterbury is centrally located with easy access to I-89, and less than 30 minutes to Burlington, Montpelier and world class skiing at Stowe. Strong financials and a positive upside on the rents all in a convenient downtown location make this a solid investment!
Property Location
73 South Main Street Waterbury
Property Details
Sold Price $2,750,000
Sold Date Jan 27th, 2020
MLS# 4716123
Bedrooms 21
Garage Size Car
List Price 2,999,000
Total Bathrooms 8
Year Built 2004
Type Multi-Family
Lot Size 0.8600 Acres
Taxes $41,597
Units 20
Stories 2
Road Frontage
Annual Income $296,040
Style Apartment Building, Multi-Family
Water Frontage
Annual Expenses $0
Finished 16,578 Sqft
Construction No, Existing
Zoning Mixed Use
Above Grade 16,578 Sqft
Seasonal No
Total Rooms 21
Below Grade 0 Sqft
List Date Aug 31st, 2018
Gross Income $296,040
Operating Expenses $0
Net Income $200,683
Expenses Includes
Unit 1 3 Beds, 1 Baths, $1,545/Monthly
Unit 2 3 Beds, 1 Baths, $1,600/Monthly
Unit 3 3 Beds, 1 Baths, $1,600/Monthly
Unit 4 3 Beds, 1 Baths, $1,600/Monthly
Unit 5 2 Beds, 1 Baths, $1,345/Monthly
Unit 6 3 Beds, 1 Baths, $1,470/Monthly
Unit 7 3 Beds, 1 Baths, $1,425/Monthly
Unit 8 1 Beds, 1 Baths, $900/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Brick Veneer, Vinyl Siding
Disability Features
Foundation Concrete, Slab - Concrete
House Color Yellow
Floors
Building Certifications
Roof Metal
HERS Index
DirectionsFrom Exit 10 on I-89, drive south to Waterbury on Route 2 East. 73 South Main is on the right across from the Village Market and Kinney Drugs.
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