Chestnut Ave

Investment Highlights

• Apartment interiors feature new cabinets, laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless remote-access entry.
• The property features remodeled apartments, new gas meters + lines, high-efficiency combi boilers, a smart water meter with automatic leak detection and shutoff, backup boilers, and tankless water heaters. The roof is approx. 7 yrs old, further minimizing capital expenditures. Additional improvements include electronic access to all apartments and basements, sprinkler systems in the basements, LED motion-sensor lighting in common areas, a comprehensive security system, a fire/emergency alarm system with direct connection to the Fire Department, and a coin/card-operated laundry room for additional income.

Location Highlights

• Convenient Commuter Location – Minutes from Downtown Waterbury with immediate access to Route 8, I-84, and CT Route 63, providing excellent regional connectivity throughout Greater New Haven and Hartford.
• Strong Rental Demand – Located in Waterbury's Willow/Plaza neighborhood, close to major employers, healthcare facilities, schools, shopping, dining, and public transportation, supporting consistent tenant demand.
• Everyday Amenities Nearby – Within minutes of grocery stores, retail centers, parks, restaurants, and entertainment, offering residents convenient access to daily necessities and lifestyle amenities.