Property Description

Welcome to 16 Fairview Street, Waterbury, CT - a solid 3-family property offering an excellent opportunity for investors or owner-occupants looking to build equity while generating rental income. This spacious multi-unit property features three separate apartments, with a desirable layout consisting of 3 bedrooms and 1 full bath on the first floor, and 2 bedrooms and 1 full bath on each of the second and third floors. Each unit offers separate gas and electric utilities. The property offers approximately 3,594 square feet of total living space, providing generous room sizes and versatile living arrangements. Each unit offers hardwood flooring, comfortable living areas, and functional layouts. The first-floor apartment has a renovated kitchen, refinished hardwood flooring, fresh paint, laundry hookups, refrigerator, front porch, and access to the backyard - features that can be attractive to today's tenants. This property offers the potential to increase cash flow through strong tenant demand, thoughtful management, and future rental optimization. The three-unit configuration provides diversification of rental income while giving an owner the opportunity to occupy one unit and rent the others. The location provides convenient access to shopping, restaurants, public transportation, downtown Waterbury, and major routes, making it an attractive location for renters seeking accessibility and convenience.

Property Features

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