Bought with Trish Sawyer • New England Landmark Realty LTD
$575,000
$600,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
0.53 Acres Lot
SOLD DATE : 04/26/2024
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Business,Investment,Multi-Family,Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4983284
Sold Date 04/26/24
Year Built 1850
Annual Tax Amount $9,125
Tax Year 2023
Lot Size 0.530 Acres
Acres 0.53
Property Description
Discover a unique investment opportunity in the heart of Waterbury Main Street. This 3974 SQFT commercial property boasts six versatile units - two residential and four commercial business spaces, ensuring a diverse revenue stream. The property has an outstanding rental history, reflecting its desirability among tenants. Notably, it remained unaffected during the recent summer floods. The basement experienced water intrusion during Hurricane Irene. The building has central heating, with five units' separate electric meters. Residential spaces include a studio apartment and a single-bedroom unit, providing comfortable living quarters. The commercial spaces offer plentiful room for various businesses. Although the property may require some updates, this investment presents a unique opportunity for the new owner to enhance its value. Rents are currently priced under the market average. The property also provides generous parking and abundant storage space, adding further convenience for residential and commercial tenants. Income numbers are available upon request for those interested. This property is an exceptional opportunity to acquire a multi-use asset in a prime location.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning commercial
Rooms
Basement Entrance Interior
Basement Concrete, Unfinished, Stairs - Basement
Interior
Heating Oil
Exterior
Garage Driveway, Off Street, Parking Spaces 6+
Garage Description Driveway, Off Street, Parking Spaces 6+
Utilities Available Cable - Available, Telephone Available
Roof Type Metal,Slate
Building
Foundation Concrete, Stone
Sewer Metered
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