140 Grand Street,Waterbury, CT 06702
Waterbury, CT 06702
Description
Turnkey Mixed-Use Investment Opportunity | Fully Renovated | Zero Vacancy. 140 Grand Street presents a rare opportunity to acquire a stabilized, cash flowing mixed use asset in the heart of Waterbury. This well maintained property consists of nine residential apartments and one commercial storefront, offering investors immediate income with zero current vacancy and strong in-place cash flow. The residential units have been extensively renovated, featuring updated interiors, modern finishes including mini-splits, and turnkey condition throughout. The commercial space provides additional income diversification while benefiting from excellent visibility and established tenancy. With a current gross annual income of approximately $171,000 the property delivers strong investment fundamentals and an attractive 8.5 cap. The building is well maintained with a favorable operating expense ratio and requires minimal maintenance, making it an ideal acquisition for both seasoned investors and those seeking a passive income-producing asset. Centrally Located in Downtown Waterbury, this is a true turnkey asset offering immediate cash flow, stable tenancy, and long term appreciation potential in one of Waterbury's established mixed use corridors.
Details
| MLS # | 24186448 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 126 |
| Listing Provided By | Vanguard Private Client Grp | Natalie Zoef |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 6,596 |
| Units | 2 |
| Zoning | CBD |
| Acreage | 0.05 |
Interior
| Total Rooms | 0 |
|---|---|
| Cooling System | Split System |
Exterior
| Roof Information | EPDM Synthetic Rubber, Flat |
|---|
Utilities
| Utilities Available | Electric |
|---|---|
| Sewage System | Public Sewer Connected |
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 19198 |
Area Information
| State | CT |
|---|---|
| County | New Haven |
| City | Waterbury |
| Zip Code | 06702 |
| Area | N | A |
| Listing VS Median (in 06702) | |
Price: $1,300,000 low | high Med: $3,625 sqft: 6,596 low | high Med: 5,716 $ / sqft: $197 low | high Med: $1 On site: 126 low | high Med: 73.5 | |
Market Activity 06702
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | Waterbury |
| Zip Code | 06702 |
| Area | N | A |
| Listing VS Median (in 06702) | |
Price: $1,300,000 low | high Med: $3,625 sqft: 6,596 low | high Med: 5,716 $ / sqft: $197 low | high Med: $1 On site: 126 low | high Med: 73.5 | |
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