53 Washington
Meriden, CT 06451

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 8 BR
Bathrooms: 5
Area: 3825 sq ft

Financials

Price:$650,000
Annual Taxes:$7,486
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Justin Sudol of Alpha Capital Realty, LLC

8. 5 Cap On Entry ! Fully occupied 5 unit multifamily delivering immediate, stable cash flow in the heart of Meriden.

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.

Amenities

  • Elementary School - John Barry
  • High School - Orville H. Platt
  • Intermediate School - Per Board of Ed
  • Porch

Neighborhood

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