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For sale
  • Price cut: $4.9K (4/25)
    $955,000

    63 Cherry St, Waterbury, CT 06702

    22beds
    10,401sqft
    : 
    Multi Family
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $92/sqft
    $-- HOA

    What's special

    Laundry hookupsParking for tenantsNewer floorsGas heat
    Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units - fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space - fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 - tobacco shop uses the ground level - also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 11.5+% CAP & 22% ROI.
    16 days
    on Zillow
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    480
    |
    23
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    Zillow last checked: 7 hours ago

    Listing updated: April 25, 2025 at 02:51pm

    Listed by:

    Amanda R. Faroni-Sheehan,

    Oxford Realty

    Source: Smart MLS,MLS#: 24087127MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 63 Cherry St.

    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 22
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Hot Water, Natural Gas
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Gas Water Heater
    • Laundry: In Unit
    Features
    • Basement: None
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 10,401
    • Total interior livable area: 10,401 sqft
    • Finished area above ground: 10,401

    Property

    Parking
    • Total spaces: 9
    • Parking features: Detached, On Street, Off Street, Driveway, Private
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Porch
    • Exterior features: Sidewalk, Rain Gutters, Lighting
    Lot
    • Size: 8,276.4 Square Feet
    • Features: Level
    Details
    • Parcel number: 1381187
    • Zoning: CBD

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,Units are Side-by-Side
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Foundation: Masonry, Stone
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Library, Medical Facilities, Park, Playground, Public Rec Facilities, Near Public Transport
    • Subdivision: Downtown
    HOA
    • Has HOA: No
    Location
    • Region: Waterbury

    Financial & listing details

    • Price per square foot: $92/sqft
    • Tax assessed value: $323,470
    • Annual tax amount: $19,447
    • Date on market: 4/9/2025
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