48 Mitchell Avenue

Waterbury, CT 06710

Amazing investment opportunity in downtown Waterbury's Central Business District. Situated on a corner lot, 48 Mitchell Street is a well-maintained 4-story brick building comprised of sixteen (16) one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been turned and updated, featuring a combination of vinyl plank and hardwood flooring, along with a variety of kitchen and bathroom improvements throughout. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking only contributes to a low-maintenance ownership profile. Ideally located within walking distance to Downtown, St. Mary's Hospital, shopping, public transportation, and offering convenient access to nearby highways, this property presents a strong long-term investment.

Listing courtesy of Amanda Faroni-Sheehan of Oxford Realty Office Phone: (203) 314-4219 Broker Contact: (203) 314-4219



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Last checked: 2026-02-26 04:13 PM UTC.