FOR SALE 233 Congress Avenue Waterbury, CT 06708 MIXED - USE BUILDING + 0.14 AC LOT 2,542 S/F with 4-1 BR APTS + BAR GAS / HVAC OFF STREET PARKING WELL MAINTAINED LOCAL OWNER SALE: $295,000.00 MATTHEWS COMMERCIAL PROPERTIES LLC. 819 Straits Turnpike Suite 3B, Middlebury, CT 06762 Phone: 203-753-5800 Fax: 203-574-3875 www.matthewscommercial.com CONTACT: NICK LONGO Email: neegall@aol.com All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, change of other terms of conditions, prior sale, lease or financing or withdrawal all without notice. No representation is made or implied by Matthews Commercial Properties or its associates as to the accuracy of the information submitted herein.
INCOME BAR $1,534.00 / MONTH $18,408.00 Dec. 2015 Dec. 2020 fixed + NNN NNN from Bar: R.E. Taxes (25% of $7,525.00) 1,881.00 Insurance (25% of $3,731.00) 933.00 Sewer/Water (25% of $1,425.00) 356.00 Apt 1 $500.00 / month 6,000.00 Apt 2 $600.00 / month 7,200.00 Apt 3 $600.00 / month 7,200.00 Apt 4 $700.00 / month 8,400.00 GROSS INCOME $50,378.00 EXPENSES Real Estate Taxes $7,525.00 Insurance 3,731.00 Snow Removal 560.00 Owner s Electric 633.00 Sewer/Water 1,425.00 Vacancy / Mgmt Fee 4,720.00 TOTAL EXPENSES $18,594.00 NET OPERATING INCOME $31,784.00 Newer Rubber Roof - 2008 New fire alarm with pull stations New gas fired hot water heaters with power vents New electrical/plumbing throughout building New roof top HVAC units New insulation/sheet rock throughout building New equipment in bar and kitchen New hood system ASKING PRICE $295,000.00 All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, change of other terms or conditions, prior sale, lease or financing or withdrawal all without notice. No representation is made or implied by Matthews Commercial Properties, LLC or its associates as to the accuracy of the information submitted herein. MATTHEWS COMMERCIAL PROPERTIES 203-753-5800 FAX 203-574-3875
PROPERTY DESCRIPTION SUMMARY Sale price $295,000.00 Property address Number of stories 2 Total square feet 2,542 Year built 1900 Construction structural Construction exterior Foundation Roof Roof material Windows Gutters Floor covering Walls Ceilings Interior doors Utilities available Zoning RH Acres 0.31 Type of parking Off street Topography Sloped Shape Rectangle 233 Congress Ave Waterbury, CT 06708 Wood Vinyl siding / brick Concrete Flat Rubber Double pane Aluminum Carpet / wood / vinyl Sheet rock Sheet rock Wood / metal Water / Municipal Sewer / Municipal Gas / Eversource Electric / Eversource 400 amps / 240 volts / single phase
Property Overview 233 Congress Ave consists of four 1 bedroom apartments, over retail bar. Built in 1900 this property is very attractive with a 100% historic occupancy. Floor coverings: carpet / wood laminate over wood flooring, vinyl in bathrooms. Kitchen: wooden wall and base cabinets with laminate counter tops, refrigerator, gas stove and basin sink. Full bath: combination tub/shower, vanity. Off street parking is included with this property. Hear: electric baseboard in apartments Gas roof top units in bar Heat / hot water paid by: Tenants Air conditioning: window units in apartments CAIR in bar Property Location Description 233 Congress Ave is located approximately 1/4 mile from I-84 along Highland Ave, in a residential area referred to at Town Plot. The area consists of single family homes, as well as condominiums. The property surrounding this building are well maintained and show a pride of ownership, making for a quality multifamily location.