3,825 SF 5 Family+

multifamily

3,825 SF 5 Family+

53 Washington Street
Meriden, Connecticut 06451

Price

$650,000

Price/SF

$169.93/SF

Building Size

3,825 SF

Lot Size

0.12 acres

Year Built

1900

NOI

$55,104

Units

5

Property Description

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.

Additional Details

Zoning

R-2

MLS Number

24177238

Property ID

047f9f15-e863-4d8e-93ec-d9839bd4fc29

MLS Information

MLS#: 24177238

Listed by: Alpha Capital Realty, LLC

Agent: Justin Sudol • (203) 980-6412 • justin@alphacapitalfunds.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.

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