235 Hanover Street,Meriden, CT 06451
Meriden, CT 06451
Description
Attention Investors: Fully Occupied Mixed Use Property! We are seeking investors for a Value-Added Mixed-Use property currently generating an impressive 11.1 Capitalization Rate (CAP). All tenants are currently on month-to-month leases and are paying below-market rents. The new owner has the potential to significantly enhance the property's CAP to 13 or even higher by implementing market-based rents. The property consists of three spacious residential studio apartments on the upper level and two commercial retail spaces on the ground level. It is strategically situated in Meriden's vibrant downtown area, conveniently located near the new train station, town green, public library, and major highways. Each apartment is equipped with electric baseboard heating, ensuring comfortable living. Each unit has its own separate electric meter, along with a house meter. There are ample parking options, including four parking spaces behind the building for both residential and retail units, as well as on-street parking.
Details
| MLS # | 24083340 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1890 |
| Days On Site | 112 |
| Listing Provided By | Coldwell Banker Realty | Joe Scarpellino |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 2,528 |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | C-4 |
| Acreage | 0.09 |
Taxes
| Property | 5275 |
|---|
Market Activity 06451
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | Meriden |
| Zip Code | 06451 |
| Area | New Haven |
| Listing VS Median (in 06451) | |
Price: $399,000 low | high Med: $317,900 SqFt: 2,528 low | high Med: 980 $ / SqFt: $158 low | high Med: $324 On site: 112 low | high Med: 8.000000 | |
