53 Washington St, Meriden, CT 06451
- $625,000
- 8
- BD
- 5
- BA
- 3,825
- SqFt
- List Price
- $625,000
- Status
- ACTIVE
- MLS#
- 24177238
- Price Change
- ▼ $25,000 1784058018
- Year Built
- 1900
- Bedrooms
- 8
- Bathrooms
- 5
- Acres
- 0.12
- Living Area
- 3,825
- Neighborhood
- N/A
- Middle School
- Per Board of Ed
- Elementary School
- John Barry
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.
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Additional Information
- Taxes
- $7,486
- Lot Size
- 5,227
- Heating
- Hot Air
- Cooling System Type
- None
- Water Source
- Public
- Basement
- Full, Unfinished
- Exterior Features
- Porch
- Elementary School
- John Barry
- Middle School
- Per Board of Ed
- High School
- Orville H. Platt
Mortgage Calculator
Listing courtesy of Justin Sudol from Alpha Capital Realty, LLC. (203) 980-6412 (860) 507-3394
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