CT > Waterbury
Waterbury, CT 06710,48 Mitchell Avenue
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Waterbury, CT 06710,48 Mitchell Avenue
Waterbury, CT 06710,48 Mitchell Avenue
Waterbury, CT 06710,48 Mitchell Avenue
Waterbury, CT 06710,48 Mitchell Avenue
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Michael Wrabel

Michael Wrabel

+1(860) 985-5456
$ 1,700,000
Est. payment /mo
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48 Mitchell Avenue Waterbury, CT 06710

16 Baths

11,360 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,360 sqft

Price per Sqft $149

MLS Listing ID 24146375

Full Baths 16

Year Built 1900

Annual Tax Amount $27,871

Lot Size 6,098 Sqft

Property Description

Amazing investment opportunity in downtown Waterbury's Central Business District. Situated on a corner lot, 48 Mitchell Street is a well-maintained 4-story brick building comprised of sixteen (16) one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been turned and updated, featuring a combination of vinyl plank and hardwood flooring, along with a variety of kitchen and bathroom improvements throughout. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking only contributes to a low-maintenance ownership profile. Ideally located within walking distance to Downtown, St. Mary's Hospital, shopping, public transportation, and offering convenient access to nearby highways, this property presents a strong long-term investment.

Location

State CT

County New Haven

Zoning CBD

Interior

Heating Hot Water

Cooling Window Unit

Flooring Tile, Vinyl

Exterior

Exterior Feature Sidewalk, Gutters, Lighting

Utilities Available Electric, Gas, Phone Available, Cable Available

Roof Type Flat

Building

Lot Description Corner Lot, Level Lot

Story 4

Foundation Masonry, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Listed by Amanda Faroni-Sheehan • Oxford Realty
Michael Wrabel

Michael Wrabel

Broker | License ID: REB.0789526

+1(860) 985-5456

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