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$650,000
Est. payment /mo
8 Beds
5 Baths
3,825 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,825 sqft
Price per Sqft $169
MLS Listing ID 24177238
Style Units are Side-by-Side
Bedrooms 8
Full Baths 5
Year Built 1900
Annual Tax Amount $7,486
Lot Size 5,227 Sqft
Property Sub-Type 4 Family
Property Description
8.5 Cap On Entry! Fully occupied 5-unit multifamily delivering immediate, stable cash flow in the heart of Meriden. This turnkey asset is a rare find for investors seeking in-place income with zero lease-up risk - all 5 units are occupied and producing revenue from day one. The building has been well maintained and features classic New England curb appeal with a beautifully kept blue shingle exterior and a grand covered front porch with architectural columns. One unit has been fully gut-renovated to today's modern standards - new flooring throughout, fully remodeled kitchen with new appliances, updated cabinetry and countertops, and a completely redone bathroom with contemporary fixtures - providing a clear value-add roadmap for the remaining units as as they turn. The cash flow consistency and upside potential that makes it a compelling addition to any portfolio. Conveniently located near shopping, dining, schools, and major commuter routes, tenant demand in this Meriden neighborhood remains strong.
Location
State CT
County New Haven
Zoning R-2
Rooms
Basement Full, Unfinished, Hatchway Access
Interior
Heating Hot Air
Cooling None
Exterior
Exterior Feature Porch
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools John Barry
Middle Schools Per Board Of Ed
High Schools Orville H. Platt
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Listed by Justin Sudol • Alpha Capital Realty, LLC
Nearby School & Business
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