170 Meriden Road, Waterbury, Connecticut
Description
PROPERTY DESCRIPTION
Matthews Commercial Properties is pleased to present an opportunity to purchase a recently renovated, freestanding, four-unit retail / apartment building. The apartments were all built out in 2023 and completed in 2024. Each apartment features a new gas hydronic baseboard heating system with high-efficiency Naviens boilers, as well as new high-efficiency Naviens tankless water heaters, and new electric panels and service.
PROPERTY FEATURES
- 11,760 SF Retail / Apartment Building on 0.43 Acres
- Pawn Depot – 5,500 SF – Established Pawn Shop – Lease Expires 10/01/2026
- 6-Bedroom, 2 Bathroom, 2 Kitchen Apartment
- 4-Bedroom Apartment
- 1-Bedroom Apartment
- Potential to Get Approval to Convert the Building into 6 Apartments
- New Roof: 2020
- Off-Street Parking
SALES PRICE
- $865,000.00 ($73.55 PSF)
- Pro-Forma NOI: $69,977.00
- Pro-Forma Cap Rate: 8.09%
Address
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Address 170 Meriden Road, Waterbury, Connecticut
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Country United States
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Province/State Connecticut
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City/Town Waterbury
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Postal code/ZIP 06705
Overview
- Property ID 7741
- Price $865,000
- Property Type Investment
- Property status For Sale
- Year Built 1965 2023 & 2024 Renovation of New Apartments
- Size 11,760 SqFt
- Land area 0.43 Acres
- Ceiling Height 9'
- Building Size 11760
- Parking In-Common
- Zoning RM
File Attachments
170-Meriden-Rd.-Waterbury-CT-2.pdf
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