CT > Meriden
Meriden, CT 06451,235 Hanover Street
Meriden, CT 06451,235 Hanover Street
Meriden, CT 06451,235 Hanover Street
Meriden, CT 06451,235 Hanover Street
Meriden, CT 06451,235 Hanover Street
Meriden, CT 06451,235 Hanover Street
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Denise Walsh

Denise Walsh

+1(203) 650-1583
$ 415,000
Est. payment | /mo

5 Baths

2,528 SqFt

Save
$ 415,000
Est. payment | /mo
Save

5 Baths

2,528 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,528 sqft

Price per Sqft $164

MLS Listing ID 24085159

Style Units on different Floors

Full Baths 3

Half Baths 2

Year Built 1890

Annual Tax Amount $5,513

Lot Size 3,920 Sqft

Property Sub-Type Other

Property Description

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.

Location

State CT

County New Haven

Zoning C-4

Rooms

Basement None

Interior

Heating Hot Air

Cooling None

Exterior

Exterior Feature Sidewalk

Parking Features None, On Street Parking, Off Street Parking, Driveway

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Corner Lot, City Views

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Joe Scarpellino • Coldwell Banker Realty
agent-avatar

+1(203) 650-1583

denise.walsh@raveis.com

54 Miller Street, Fairfield, CT, 06824, United States

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