New Listing - 10/16/2024

$220,000 ($122.22 per sqft)

Est. Mortgage $1,111/mo *

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360 Pine Street, Waterbury, CT, 06704

360 Pine Street, Waterbury, CT, 06704
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11 rooms

5 beds

2 Full baths

1900

Units on different Floors

1,800 sqft

Welcome to 360 Pine St, a fully occupied two-family property directly across from the beautiful Washington Park, offering investment potential. This multi-family home is sold as-is and provides a significant opportunity to increase income with some needed TLC. Currently rented below market rates, this property presents a great chance to make improvements and capitalize on higher rental income. The first-floor unit features 1 bedroom, a large living room, an eat-in kitchen, and a full bathroom, offering comfortable living spaces. The second unit covers the second and third floors, consisting of 4 bedrooms, an eat-in kitchen, and a full bathroom. The property boasts a private driveway, easy maintenance yard space, and a newer metal roof, with a little cosmetic work and updates, these units can be positioned to command higher rents in the competitive Waterbury market. Situated directly across from Washington Park, tenants will enjoy access to green spaces, sports courts, playgrounds, and more, enhancing the property's appeal. Local rental data shows 1-bedroom units in the area typically renting for around $1,100 and 4-bedroom units fetching up to $1,850, providing an excellent opportunity to raise the current rent roll after improvements.

Status:

Active

Type:

Multi-family

Units:

2

Zoning:

RM

Garage:

None, Off Street Parking, Driveway

Heating:

Hot Water

Cooling:

Attic Fan

Basement:

Full

Parking:

4-car

Acreage:

0.1

Est. Taxes:

$3,409

Assessment

$68,950

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

1

MLS #:

24054246

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Mustafa Muaremi, Regency Real Estate, LLC Email: mustafa@regencyhomesct.com