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1468-1472 Baldwin St 6,034 SF 100% Leased Retail Building Waterbury, CT 06706 $725,000 ($120.15/SF) 8.80% Cap Rate



EXECUTIVE SUMMARY
Rare opportunity to acquire a fully renovated 6-unit mixed-use property offering immediate cash flow with additional upside in Waterbury. The residential units feature modern updates including granite countertops, stylish backsplashes, and updated bathrooms-providing a low-maintenance, turnkey investment. The property includes two commercial spaces, one with a long-term tenant currently leased below market and a second available, renovated commercial unit ready for owner use or new tenancy, offering immediate income potential. Separate heat and electric meters for each unit help reduce operating expenses. Additional highlights include ample off-street parking, two driveways separating residential and commercial use, and potential for future value enhancement. Ideal for investors seeking stable income with growth opportunity. Property sold as-is.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,034 SF
Building Class
C
Year Built
1920
Price
$725,000
Price Per SF
$120.15
Cap Rate
8.80%
NOI
$63,800
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.63
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
RL
Parking
6 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
88’ on Baldwin St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WATE-000482-000325-000045 | Total Assessment | $235,060 |
| Land Assessment | $44,660 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $190,400 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
WATE-000482-000325-000045
Land Assessment
$44,660
Improvements Assessment
$190,400
Total Assessment
$235,060
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1468-1472 Baldwin St
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