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Property Description
Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units – fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space – fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 – tobacco shop uses the ground level – also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 11.5+% CAP & 22% ROI.
Features
: Hot Water
: Ceiling Fans, Window Unit
: Masonry, Stone
: Natural Gas, Electric
: Gutters, Lighting, Outside Storage Area, Roof Sign, Sidewalk
: Window Display
0
9
: Downtown
: Level Lot
: Public Water Connected
Address Map
Cherry
63
0
W74° 57′ 56.4”
N41° 33′ 21.4”
MLS Addon
Oxford Realty
Amanda Faroni-Sheehan
FARONIAM
13737
July 2024-June 2025
E Main St to Cherry St
$0
1381187
$19,447
CBD

Commercial For Sale

63 Cherry, Waterbury, 06702

0 Bedrooms
2 Bathrooms
10,401 Sqft
$955,000
Listing ID #24087141
Basic Details
Property Type : Commercial For Sale
Listing Type : For Sale
Listing ID : 24087141
Price : $955,000
Bedrooms : 0
Baths Total : 2
Bathrooms : 2
Half Bathrooms : 0
Square Footage : 10,401 Sqft
Year Built : 1915
Lot Area : 0.19 Acre
City : Waterbury
Zipcode : 06702
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…