9 Kenyon Street

Description

This two-family home offers a strong investment with reliable rental income and long-term tenants already in place. The first-floor unit rents for $1200/month with a lease through January, 2027. The second-floor tenant has been in place for five years and currently rents for $1,100/month (below market value) with a lease through June 30, 2026, offering excellent potential for increased future returns. Recent updates include a full exterior painting in March 2023 and a brand-new front deck installed in August 2023, boosting curb appeal and value. In August 2023, the first-floor bathroom was refreshed with a new toilet and vinyl flooring. Kitchen floor also replaced late 2023. Outside, tenants can enjoy a shared flat backyard-perfect for relaxing or outdoor activities. Nestled on a dead-end road, this property is conveniently located just minutes from shopping, downtown amenities, hospitals, and major highways. The current owner had planned to renovate the second-floor unit once the long-term tenant moved out, but for personal reasons relocated out of state and is sad to part with the property. The second-floor unit offers strong potential for renovation and an increase in market rental value. Property is being sold As-Is and is offering a one year American Home Shield Warranty. Property taxes are based on figures provided by the Waterbury Tax Assessor and reflect an estimated amount for the final year of the current tax phase-in schedule (2022-2026). Back market after the buyer chose to terminate late in the process. Inspections and two appraisals were completed, and despite receiving a lender commitment after changing lenders and loan type, the buyer ultimately withdrew and lost their earnest money.