53 Washington Street

Meriden, CT 06451 Directions
$650,000
  • 8Bed
  • 5Baths
  • 3,825Sqft
  • 0.12Acres
  • 1900Built
  • $170Price/Sqft

Property Highlights

  • Style: Units are Side-by-Side
  • Days on Market: 4
  • MLS: 24177238
  • Elementary: John Barry

Property Highlights

  • Style: Units are Side-by-Side
  • Days on Market: 4
  • MLS: 24177238
  • Elementary: John Barry

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...

Property Highlights

  • Style: Units are Side-by-Side
  • Days on Market: 4
  • MLS: 24177238
  • Elementary: John Barry

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.

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.

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  • Additional Information
    • Acres: 0.12
    • Basement Description: Full, Unfinished, Hatchway Access
    • Gross Expenses: 28296
    • Gross Income: 83400
    • High School: Orville H. Platt
    • Is Occupied?: Tenant
    • Living Area SqFt: 3,825
    • Middle School: Per Board of Ed
    • Property Tax: $7,486
    • Sewer: Public Sewer Connected
    • Style: Units are Side-by-Side
    • Tax Amount: $7,486
    • Unit Count: 5
    • Year Built: 1900
    • Year Built Details: Public Records
    • Zoning: R-2
  • Interior Features
    • Beds: 8
    • Full Baths: 5
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Hot Water: Natural Gas, 30 Gallon Tank
    • Rooms: 23
    • Total Baths: 5
  • Exterior Features
    • Exterior Features: Porch
    • Exterior Siding: Shingle
    • House Color: Blue
    • Roof: Asphalt Shingle

Listing Courtesy of Justin Sudol of Alpha Capital Realty, Llc.

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