New Listing - 05/03/2025

$1,650,000

Est. Mortgage $8,343/mo *

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197 South Leonard Street, Waterbury, (South End), CT, 06708

197 South Leonard Street, Waterbury, (South End), CT, 06708
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3 beds

16 Full baths

1900

12,480 sqft

Fantastic S End investment opportunity that's turn key with upside. This corner building is a total of 16 units that feature 2 beds, 1 beds and studio units. Many of the units offer a variety of renovations including new flooring, paint, fixtures, kitchen cabinets, counters, appliances and updated bathrooms. The hallways have been recently painted with new flooring as well. All utilities are separate & tenant paid - gas heat and hot water + separate & tenant paid electrical. There is fire monitoring throughout the building. There is a 5-car garage in back and some off-street parking for cars. Low maintenance with super on site and turn key opportunity ready for a new owner! Good location for tenants near the highway and downtown for easy access to amenities. Rents are below market = BIG UPSIDE with 9+% ROI pro-forma. This property can be purchased as part of a larger portfolio sale.

Status:

Active

Town:

Waterbury

Type:

Commercial

Units:

16

Zoning:

IG

Frontage:

Municipal Street

Garage:

Driveway, Off Street Parking

Heating:

Baseboard

Cooling:

Window Unit

Parking:

15-car

Acreage:

0.16

Est. Taxes:

$24,323

Assessment

$491,960

Current Use

residential

Permitted Use

residential

Utilities

Electric,Gas,Phone Available,Cable Available

Lot Description:

Corner Lot,Level Lot

Days on Market:

0

MLS #:

24093151

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Copyright ©2025 SmartMLS, Inc.
Listing courtesy of Amanda Faroni-Sheehan, Oxford Realty Email: amandafaroni25@gmail.com