An exceptional investment opportunity with multiple income streams, this mixed use property features two commercial storefronts, four two bedroom residential apartments, and six separate garage spaces.


Property

Website:https://www.nestseekers.com/5596368
Address:
109 Britannia
Meriden, CT 06450
Ownership: Commercial
Type: Commercial
Bathrooms: 2
Area: 4884 sq ft

Financials

Price:$725,000
Annual Taxes:$7,935

Description

An exceptional investment opportunity with multiple income streams, this mixed-use property features two commercial storefronts, four two-bedroom residential apartments, and six separate garage spaces. With one apartment and one storefront currently vacant, investors have the opportunity to increase cash flow immediately through lease-up while benefiting from existing rental income. Each residential unit offers a functional two-bedroom layout, providing strong rental appeal, while the commercial spaces offer flexibility for a variety of business uses. The six detached garage spaces provide additional income potential or valuable storage options for tenants. Outside, a spacious, fully fenced backyard with a large rolling gate offers secure access and added versatility for storage, parking, or tenant use. Whether you're looking to expand your portfolio or acquire a well-positioned, income-producing asset with upside potential, this property presents a compelling opportunity for both seasoned and first-time investors.

Amenities

  • Elementary School -
  • High School -
  • Intermediate School -
  • Outside Storage Area
  • Sidewalk
  • Storage Building
  • Window Unit

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Kelly Puorro of Puorro Realty Group