Waterbury, CT 06708,385/389 Congress Avenue

$510,000

Est. payment /mo

$550,000

7.3%
Est.Price: ?

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385/389 Congress Avenue Waterbury, CT 06708

12 Beds

6 Baths

6,861 SqFt

SOLD DATE : 12/06/2021

Key Details

Sold Price $510,000

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Sold

Purchase Type For Sale

Square Footage 6,861 sqft

Price per Sqft $74

MLS Listing ID 170437876

Sold Date 12/06/21

Style Other

Bedrooms 12

Full Baths 6

Year Built 1913

Annual Tax Amount $8,699

Lot Size 0.300 Acres

Property Sub-Type 5 Family+

Property Description

7 UNITS situated in Waterbury's Historic West Side along the Town Plot south eastern edge. Prime Real Estate Investment. True Wealth Builder. The keys to this property offer not only a great place to call home but also the key to financial independence and prosperity. Incredible opportunity to purchase this estate that has been owned by the same family for generations. Stately stucco sided 6 family building along with a lovely 2/3 bedroom single family home with large expansive basement. Huge detached & heated 3 car garage with walkout on lower level coupled with a gorgeous privately situated yard to the rear of the property. All vinyl replacement windows on both buildings. The 6 family has fully enclosed rear porches along with complete enclosed front stairwells. Each of the 6 spacious apartments has 2 bedrooms, high ceilings, and a roomy walk-in closet. Many great attributes abound this classic equity machine. Great for those relocating and want their own residence while benefiting from the large rent roll of the 6 plex and 3 car garage. Investors this is the type of A-1 investment not often seen in residential Realty in this price point. Location, Income, and Flexibility. The (projected) market rent roll is app. $7500+/month + ; $90k+/annual . Current income is much lower with current owner. Minutes to RT 8 & I84. Subject to probate court approval. Inspections will be for buyers informational purposes only. Sold As Is... Cash or commercial mortgage only....

Location

State CT

County New Haven

Zoning CN

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard

Cooling Window Unit

Exterior

Exterior Feature Gutters, Sidewalk

Parking Features Detached Garage

Garage Spaces 3.0

Waterfront Description Not Applicable

Roof Type Other

Building

Lot Description City Views

Foundation Brick, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Anthony Greco • Anthony J Greco JR Real Estate
Bought with Verzem Poveromo • Century 21 Scala Group
Brian Burke

Brian Burke

Agent | License ID: 0780445

+1(860) 798-3272

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