165 Highland Avenue, Waterbury, CT 06708 - Photo 1

1/1

$360,000

Sold
Closed
Commercial

1/1

Property Description

Investors take notice. A mixed-use property located at the desirable area in Waterbury. A successful eat-in and take out Restaurant on the ground floor with a detached garage. Lease will expire in 2029. Four bedrooms/two bathrooms residential unit on the 2nd floor with large deck. Roof is 3 years old. Rents are below market; 2nd floor lease will expire in July 2024. Current annual gross income is $43,800 and tenants pay their own utilities. 2nd Floor rent will raise to $2,300 after July 2024. The potential annual gross income will be $55,200. Great income property. Don't miss this investment opportunity.

Full Property Details

Full Property Details for 165 Highland Ave

General

Sold For: $360,000
Taxes: (July 2024-June 2025)
Status: Closed
Type: Commercial
Source: SMARTMLS
MLS ID: 24020639
Added to Site: 605 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Location

County: New Haven
Driving Directions: West Main Street to Highland Ave

Heating & Cooling

Cooling Type: Window Unit
Heating Type: Baseboard, Electric, Oil
Heating Fuel: Electric, Oil

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected
Utility Description: Electric, Gas

Structural Information

Roof: Asphalt Shingle
Square Feet: 3,613
Sq. Ft. Source: Public Records
Current Bldg. Use: Spanish Restaurant
Year Built: 1950

Unit Information

Unit 1

Unit Description: Retail
Square Feet: 1800
Total Bathrooms: 1

Unit 2

Unit Description: 4+Bedrooms
Square Feet: 1800
Total Bathrooms: 2

Lot Features

Frontage: State Road
Present Use: Spanish Restaurant
Potential Use: Pizza, Chinese Take out
Zoning: CN
Lot Description: Level Lot

Financial Considerations

Assessment Amount: $165,690
Tax Year: July 2024-June 2025

Disclosures and Reports

Documents Avail.: None
Property ID: 1382983

Listed and Sold by New England Realty Assoc LLC, Kimmy Hom

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Listing agent

— 165 Highland Ave —

Kimmy Hom

New England Realty Assoc LLC

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Schools

Schools serving 165 Highland Ave

School District:Waterbury School District

Name	Grades	Distance
Driggs School 77 Woodlawn Terrace, Waterbury, CT 06710	K-5	1.1 mi
West Side Middle School 483 Chase Parkway, Waterbury, CT 06708	6-8	0.6 mi
John F. Kennedy High School 422 Highland Avenue, Waterbury, CT 06708	9-12	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 165 Highland Ave

Date

Details

Price

Change

Source

10/17/2024

Sold

$360,000

-8.86%

MLS

5/26/2024

Listed

$395,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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165 Highland Avenue, Waterbury, CT 06708 (MLS# 24020639) is a Commercial property that was sold at $360,000 on October 17, 2024. Want to learn more about 165 Highland Avenue? Do you have questions about finding other Commercial real estate for sale in Waterbury? You can browse all Waterbury real estate or contact a Coldwell Banker agent to request more information.

165 Highland Ave Waterbury, CT 06708