33 Willow St. & 39 Willow St. 33 Willow St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 7.70% Cap Rate Waterbury, CT 06710



EXECUTIVE SUMMARY
Prime Investment Opportunity!! 33 & 39 Willow Street, Waterbury. This mixed-use investment features a fully operational pizza restaurant, storefront, hall, and nine residential apartments, offering strong income potential. King Pizza at 33 Willow Street is a well-established eatery known for its classic and specialty pizzas, grinders, gyros, and Indian-Pakistani dishes, attracting a diverse customer base. Located in a high-visibility area with steady foot traffic and easy access to I-84 & Route 8, this property ensures consistent tenant demand. With immediate rental income and room for expansion or redevelopment, investors can enhance units, expand commercial space, or optimize revenue. Ample parking adds convenience for residents and businesses. Nearby attractions include the Palace Theater, Mattatuck Museum, Waterbury Green, Brass Mill Center, and Timexpo Museum, making this an attractive location for tenants and customers. This property offers investors, business owners, and developers long-term value and growth potential. **Being sold as a package** (Full Basement, Unfinished area 2788 Sq Ft per town records)
PROPERTY FACTS
Price | $1,500,000 |
Price Per Unit | $187,500 |
Sale Type | Investment |
Cap Rate | 7.70% |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.12 AC |
Building Size | 28,455 SF |
No. Stories | 3 |
Year Built | 1900 |
Parking Ratio | 0.8/1,000 SF |
Cross Streets | Grove St |
Opportunity Zone |
Yes |
Zoning | CBD - Central Business District |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 8 | - | - |
1 of 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
Parcel Number | WATE-000253-000054-000701 | Improvements Assessment | $444,360 |
Land Assessment | $23,730 | Total Assessment | $468,090 |