731 South Main Street

Waterbury, CT 06706

$625,000
Price
11
Beds
3
Baths
2
1/2 Baths
4,128 Sq. Ft.
$151 / Sq. Ft.
4,128
Sq. Ft.
$151
per Sq. Ft.

Description

Here is the money maker you have been looking for. The monthly rent roll is $6,800/mo. The gross annual rent is $81,600 a year. The gross annual return on investment is 13.1 percent. Try to get that kind of return in your money market account or your 401k! The building is comprised of Three 3 bedroom units and 2 store fronts. The interior and exterior of the building as well as all of the apartments have been fully remodeled and are rented. The left side store front is currently in the process of...Here is the money maker you have been looking for. The monthly rent roll is $6,800/mo. The gross annual rent is $81,600 a year. The gross annual return on investment is 13.1 percent. Try to get that kind of return in your money market account or your 401k! The building is comprised of Three 3 bedroom units and 2 store fronts. The interior and exterior of the building as well as all of the apartments have been fully remodeled and are rented. The left side store front is currently in the process of being remodeled. This space has been rented for $1,000/mo (tenant will take occupancy once the renovations are complete). The right side store front is also currently in the process of being remodeled. This space has been rented for $1,100/mo. (tenant will take occupancy once the renovations are complete). The 1st floor unit pays $1,500/mo. The 2nd floor unit pays $1,600/mo. The 3rd floor unit pays $1,600/mo. The furnaces and hot water heaters are new. All utilities are separately metered. The tenants pay their own gas and electric. If you are looking for a solid investment with an excellent ROI, you found it here!
  1. Listed by Rob N Clermont • Clermont Real Estate
    P: (203)-675-6902 C: (203)-675-6902 rob@valuequestappraisal.com

Property Details for 731 South Main Street

Basement Description
None
Direct Waterfront
No
Garages Number
0
Neighborhood
South End
Style
Other
Garage Parking Info
None, On Street Parking, Off Street Parking, Driveway
Swimming Pool
No
LISTING UPDATED: 12/11/2024 02:57 AM

Property Details for 731 South Main Street

StatusActive
MLS #24056862
Days on Market35
Taxes$13,989 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1895
Lot Size0.07 AC / 3,049 SF
CountyNew Haven County

Building Information for 731 South Main Street

Stories-Residences5Year Built1895Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 731 South Main Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.545899
  • Longitude: -73.037592
  • State: Connecticut
Parking
  • Parking Total Spaces: 5
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $13,989
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Unfinished, Pull-Down Stairs
  • Cooling System: None
  • Heat Type: Hot Air
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Rooms Total: 19
Property
Property and Assessments
  • Color: Gray
  • Construction Description: Frame
  • Driveway Type: Gravel
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick
  • New Construction Type: No/Resale
  • Roof: Shingle
  • Year Built: 1895
  • Year Built Source: Owner
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 4128
Lot Information
  • Lot Description: City Views
  • Parcel Number: 1388641
  • Sq Ft Est Heated Above Grade: 4128.0
  • Sq Ft Total: 4128.0
  • Zoning: CG
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 81600
  • Occupied By: Tenant
  • Total Number of Units: 5
  • Total Rooms Multi Family: 19
Unit 1
  • Lease: Leased
  • Listing Key: 25A57DBAC30B8496E0631401100A403E
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 10-31-2024
  • Unit Monthly Rent: $1,600
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Listing Key: 25A57DBAC30B8496E0631401100A403E
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 10-31-2024
  • Unit Monthly Rent: $1,600
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Listing Key: 25A57DBAC30B8496E0631401100A403E
  • Unit Entry Order: 4
  • Unit Half Baths: 1
  • Unit Modified Date: 10-31-2024
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Listing Key: 25A57DBAC30B8496E0631401100A403E
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 10-31-2024
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Listing Key: 25A57DBAC30B8496E0631401100A403E
  • Unit Entry Order: 5
  • Unit Half Baths: 1
  • Unit Modified Date: 10-31-2024
  • Unit Monthly Rent: $1,100
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant

Property History for 731 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 731 South Main Street

Taxable ValueLand$9,660Additions$273,280Total$282,940
Tax Record2024$13,989 ($1,166 / month)
Home Facts
Total Finished SqFt4,128 SqFtAbove Grade Finished SqFt4,128 SqFtStories3Lot Size3,049 SqFtStyleOffice BuildingYear Built1895Year Renovated1945ZoningCGCountyNEW HAVENAPNWBRY M:0369 B:0293 L:0009

Schools near 731 South Main Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Washington School
PublicPK to 5

West Side Middle School
Public6 to 8

John F. Kennedy High School
Public9 to 12

Maloney Interdistrict Magnet School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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731 South Main Street is a multi-family home for sale in Waterbury, CT 06706. This property was listed for sale on October 29, 2024 by Clermont Real Estate, it's currently listed at $625,000. It has been on the market for a total of 35 days and was last sold on May 24, 2024. This listing's school district is Waterbury School District. Nearby schools include Washington School, West Side Middle School and John F. Kennedy High School. 731 South Main Street is a 11-bed, 4-bath, 4,128 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Clermont Real Estate, Rob N Clermont

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.