Property Details

Overview

Attention Investors!!! Featuring a fully occupied two-family property directly across from Fulton Park, offering investment potential. This multi-family home is sold as-is and provides a significant opportunity to increase income with some 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.