252-254 & 260 Liberty Street

Meriden, Connecticut 06450

Status
For Sale
Square Feet
6,971
Beds
12
Price
$1,800,000
Type
Multi-Family For Sale
Garages
0
Baths
14
MLS
24069480

Price

$1,800,000

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Interior Details

Interior Size
6,971 Sq Ft
Bedrooms
12
Bathrooms
14
Rooms Total
Garage
0

Exterior Details

Lot Size
0.23 Acres
Roof
Asphalt Shingle,Gable
Sewer
Public Sewer Connected
Construction
Construction
Cooling
None

Other Information

Property Tax
$14,009
Assessed Value
$363,790
Elementary School
Per Board of Ed
Middle School
NULL
High School
Per Board of Ed

About Property

Lucrative investment opportunity in the high demand neighborhood of Meriden, CT. Fully renovated, two-building package contains 14 units, including 6 studios, 6 one-bedroom, and 2 brand new, three-bedroom units! Units are occupied with strong current tenants, some below market rents. Current owner has invested nearly $500,000 capital improvements over the past two years (please see attached.) The unit interiors, buildings exteriors, parking lot and major systems (HVAC, electrical, plumbing) are recently upgraded. No deferred maintenance. Solid local management (costs included on the P&L). Investors will appreciate the strong rental history, providing a reliable income stream. Ample off-street parking in newly paved lot is available for tenants, adding convenience and value to the property. Potential for additional income by adding a laundry room in the basement area that is roughed-in and has a separate exterior entrance. 260 Liberty St is a complete remodel gut job 2 family home. 252-254 Liberty St is a 12 unit with newer heating and hot water systems. 10 out of 12 units have been renovated within the past couple years. 252-254 Liberty has a newer roof, newer windows, and the exterior was repainted 2024. 252-254 Liberty St was built 1885. 260 Liberty St was built 1920.
Listed by Complete Real Estate, Anthony Kosienski. Data sourced from SmartMLS

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