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224 Echo Lake Road

Watertown, CT 06795
  • $349,900
  • STATUS: Active Under Contract
  • ON SITE: 32 Days
  • MLS #: 24081084
Under Contract
UPDATED: 63 min ago
$349,900
  • 3
    BEDS
  • 0.28
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,238
    SQFT
  • $156
    $/SQFT
Type:
Multi-Family
Built:
1955
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

**Perfect Investment Opportunity: Fully Leased Mixed-Use Gem in Watertown** For the discerning investor seeking a solid income-producing asset, this fully leased mixed-use property in the heart of Watertown presents an exceptional opportunity. This well-maintained building with numerous updates offers a diverse income stream, featuring two residential units alongside a thriving, established nail salon occupying the prime first-floor commercial space. Benefit from immediate cash flow with all units currently leased, ensuring a seamless transition for the new owner. The two residential units, thoughtfully designed for tenant comfort, will consistently attract reliable renters. The established nail salon provides a stable commercial tenant, adding to the property's appeal and financial security. This property's strategic location in Watertown offers excellent visibility and accessibility, contributing to its consistent tenant occupancy. The diverse tenant mix minimizes risk and maximizes potential returns, making this a truly attractive investment. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record plus room to increase rent!! A turnkey investment perfect for those seeking a reliable addition to their portfolio.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 SmartMLS, Inc. Data last updated: 2025-04-22T15:10:26.433.
www.timdentteam.com/homes/161714756
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224 Echo Lake Road Watertown, CT 06795

  • Price: $349,900
  • Status: Active Under Contract
  • On Site: 32 Days
  • Updated: 63 min ago
  • MLS #: 24081084
3
Beds
2
Baths
1
½ Baths
0.28
Acres
2,238
SQFT
$156
$/SQFT
1955
Built
County:
Litchfield
Area:
Watertown
Elementary School:
per board of ed
Middle School:
per board of ed
High School:
Watertown
Property Description
**Perfect Investment Opportunity: Fully Leased Mixed-Use Gem in Watertown** For the discerning investor seeking a solid income-producing asset, this fully leased mixed-use property in the heart of Watertown presents an exceptional opportunity. This well-maintained building with numerous updates offers a diverse income stream, featuring two residential units alongside a thriving, established nail salon occupying the prime first-floor commercial space. Benefit from immediate cash flow with all units currently leased, ensuring a seamless transition for the new owner. The two residential units, thoughtfully designed for tenant comfort, will consistently attract reliable renters. The established nail salon provides a stable commercial tenant, adding to the property's appeal and financial security. This property's strategic location in Watertown offers excellent visibility and accessibility, contributing to its consistent tenant occupancy. The diverse tenant mix minimizes risk and maximizes potential returns, making this a truly attractive investment. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record plus room to increase rent!! A turnkey investment perfect for those seeking a reliable addition to their portfolio.
Exterior Features

Color White Direct Waterfront YN No Exterior Features PorchGutters Exterior Siding Aluminum Garage And Parking NonePavedOff Street Parking Lot Description Corner LotLevel Lot Nearby Amenities LakePlayground/Tot LotPublic Rec FacilitiesPublic TransportationTennis Courts Parking Total Spaces 5 Roof Information Asphalt Shingle Style Units on different FloorsOther Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Attic YN No Basement Description Full Cooling System Central AirWindow Unit Fireplaces Total 0 Heat Type Hot Air Laundry Room Info Basement Hook-Up(s)Hook-Up In Unit 1 Sq Ft Est Heated Above Grade 2238 Sq Ft Total 2238 Total Rooms 9 Total Rooms Multi Family 9

Property Features

Agent Owner YN No Bank Owned Property No Foundation Type ConcreteMasonry Fuel Tank Location In Basement Gross Annual Expense 9900 Gross Annual Income 36900 Heat Fuel Type Natural GasOil Home Owners Assocation No Home Warranty Offered YN No Hot Water Description OtherTankless Hotwater Intermediate School Per Board of Ed Net Operating Income 27000 New Construction Type No/Resale Potential Short Sale No Property Sub Type 3 Family Sewage System Public Sewer Connected Tax Year July 2024-June 2025 Total Number Of Units 3 Water Source Public Water Connected Zoning BG

Listing information © 2025 Smart MLS
Listing provided courtesy of Gregg Leonard of William Raveis Real Estate: (203) 426-3429.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 SmartMLS, Inc. Data last updated: 2025-04-22T15:10:26.433.
 
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Tim Dent Team | Coldwell Banker Realty
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