6 Grove
Waterbury, CT 06710

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 9 BR
Bathrooms: 5
Pets: Pets Unknown
Area: 3454 sq ft

Financials

Price: $450,000
Annual Taxes: $5,838
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Mustafa Muaremi of Regency Real Estate, LLC

Description

This exceptional 4-unit property offers the perfect combination of immediate rental income potential and long-term value appreciation, all in a neighborhood poised for exciting redevelopment. The first-floor unit is a spacious 3-bed, 2-bath with a large living room, kitchen, & generously sized bedrooms. On the second floor, Unit 2F features a comfortable 2-bedroom, 1-bath layout. At the same time, Unit 2R offers a flexible 1-bed, 1-bath design with a dining area that can easily be converted into a second bedroom, maximizing its rental potential. The third-floor unit shines with a 3-bed, 1-bath, a large living room, an eat-in kitchen, and a newly installed air handler for modern efficiency and comfort. Current rents under Market value- market rents in the area range from $1,200-$1,500 for 1-bedroom units, $1,400-$1,800 for 2-bedroom units, and $1,800-$2,400 for 3-bedroom units, providing a strong foundation for steady cash flow. The property has been meticulously maintained, with significant updates completed just 6 years ago, including new siding, roof, & a rear deck that adds both durability and curb appeal. Its oversized, driveway-like frontage offers privacy and ample parking for tenants and guests, while the detached garage provides bonus storage or workshop space, enhancing tenant satisfaction. Located on a quiet city street that is part of an area undergoing transformative redevelopment.

Amenities

  • ceiling fan
  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -

This exceptional 4 unit property offers the perfect combination of immediate rental income potential and long term value appreciation, all in a neighborhood poised for exciting redevelopment.


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