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14% ROI: 5 Units, Walk to Downtown 74 Holmes Ave 3,067 SF 100% Leased Retail Building Waterbury, CT 06710 $697,960 CAD ($227.57 CAD/SF) 9.69% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 5 Unit Investment
  • Vinyl Siding, Roof 2 Years Old, Replacement Windows, New Front Porches
  • 14% ROI w/Full Occupancy
  • Nice Corner Lot
  • Good Rental Income Potential

EXECUTIVE SUMMARY

Calling all investors! Don't miss this well-maintained 5-unit investment property offering a strong 14+% (at full occupancy). This turnkey, cash-flowing asset features a nicely updated exterior with vinyl siding, replacement windows, a 2-year-old roof, new front porches, and sits prominently on a corner lot. The unit mix includes (1) studio and (1) one-bedroom on the first floor, (2) one-bedroom units on the second floor, and (1) two-bedroom unit on the third floor, providing the potential for good rental income potential. Interior highlights include hardwood floors and updated kitchens and baths in select units. The utilities are separate and tenant-paid, minimizing owner expenses. Mainly on-street parking. Conveniently located on the corner of Grove and Holmes, directly across from Hayden Park, and within walking distance to the Waterbury Green, YMCA, downtown, shopping, and highway access-this property offers the ideal blend of low maintenance and strong returns.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,067 SF
Building Class
C
Year Built
1888
Price
$697,960 CAD
Price Per SF
$227.57 CAD
Cap Rate
9.69%
NOI
$67,634 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.39
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
RO
Parking
5 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
55’ on Grove St

AMENITIES

  • Corner Lot
Walk Score®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

The YMCA
Starbucks
Webster Bank
TD Banknorth
Rent-A-Center
Key Food
Chili's Grill & Bar
Buffalo Wild Wings
Bank of America
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WATE-000254-000005-000116
Land Assessment
$45,514 CAD
Improvements Assessment
$92,011 CAD
Total Assessment
$137,525 CAD
  • Listing ID: 38397554

  • Date on Market: 2025-11-10

  • Last Updated:

  • Address: 74 Holmes Ave, Waterbury, CT 06710

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