$415,000 ($164.16 per sqft)

Est. Mortgage $2,181/mo *

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235 Hanover Street, Meriden, CT, 06451

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5 rooms

0 beds

3 Full / 2 Half baths

1890

Units on different Floors

2,528 sqft

Attention Investors: Fully Occupied Mixed Use Property! We are seeking investors for a Value-Added Mixed-Use property currently generating an impressive 10.6 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.

Status:

Active

Type:

Multi-family

Laundry Remarks:

None

Units:

Zoning:

C-4

Garage:

None, On Street Parking, Off Street Parking, Driveway

Heating:

Hot Air

Cooling:

None

Basement:

None

Parking:

4-car

Acreage:

0.09

Est. Taxes:

$5,513

Assessment

$143,150

Lot Description:

Corner Lot,City Views

Elementary School:

Per Board of Ed

Middle School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

MLS #:

24085159

Community Info

School Info

Walk Score

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235 Hanover Street, Meriden, CT, 06451

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