Sky Realty Group is pleased to present these Downtown Waterbury Mixed Use Corner Buildings, for a combined 27 unit mixed-use (21 residential units and 6 commercial retail spaces) opportunity. This offering consists of 3 parcels -2 Well Maintained Brick Buildings and 1 Parking Lot. 343 West Main Street: 4 Story Brick Building – Consists of 20,428 SF with 17 Apartments (1-1 Bed, 14-2 Beds, & 2-3 Beds) and 4 Retail
Units (Insurance Co, Cell Phone Store, Hair Salon, Bar & Grill)
493 Meadow St: 3 Story Brick Building – Consists of 6,520 SF with 4 Apartments (2 – 2 Beds and 2 – 3 Beds) and 2 Retail Units (Appliance Co, Beauty Salon). All tenants pay for gas heat and hot water and electricity. The apartments are part of a Mod Rehab Housing Authority Program, which provides project-based rental assistance for low income families with a waiting list for tenants. This allows for stable, high occupancy, and collections. The commercial retail units consists of longer term, stable tenants. The Appliance Store, Insurance Co and Bar have been there for approximately 10, 20, and 30 years respectively. Partial roofs were replaced in the last year and 15 of 21 heating systems have been recently replaced with new high efficiency units. All tenants pay for gas heat and hot water and electricity. The apartments are part of a Mod Rehab Housing Authority Program, which provides project-based rental assistance for low income families with a waiting list for tenants. This allows for stable, high occupancy, and collections. The commercial retail units consists of longer term, stable tenants. The Appliance Store, Insurance Co and Bar have been there for approximately 10, 20, and 30 years respectively. Partial roofs were replaced in the last year and 15 of 21 heating systems have been recently replaced with new high efficiency units.