Property Description
Lucrative investment opportunity in the high demand neighborhood of Meriden, CT. Fully renovated, two-building package contains 14 units, including 6 studios, 6 one-bedroom, and 2 brand new, three-bedroom units! Units are occupied with strong current tenants, some below market rents. Current owner has invested nearly $500,000 capital improvements over the past two years (please see attached.) The unit interiors, buildings exteriors, parking lot and major systems (HVAC, electrical, plumbing) are recently upgraded. No deferred maintenance. Solid local management (costs included on the P&L). Investors will appreciate the strong rental history, providing a reliable income stream. Ample off-street parking in newly paved lot is available for tenants, adding convenience and value to the property. Potential for additional income by adding a laundry room in the basement area that is roughed-in and has a separate exterior entrance. 260 Liberty St is a complete remodel gut job 2 family home. 252-254 Liberty St is a 12 unit with newer heating and hot water systems. 10 out of 12 units have been renovated within the past couple years. 252-254 Liberty has a newer roof, newer windows, and the exterior was repainted 2024. 252-254 Liberty St was built 1885. 260 Liberty St was built 1920.
Features
- Heating System:
- Radiator
- Cooling System:
- Window Unit
- Foundation Type:
- Stone, Brick
- Heat Fuel Type:
- Natural Gas
- Exterior Features:
- Sidewalk
- Flooring:
- Vinyl, Wood, Tile
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 14
- Location:
- Suburban, Downtown
- Lot Description:
- N/a
- Water Source:
- Public Water Connected
Address Map
- Street:
- Liberty
- Street Number:
- 252-254 & 260
- Floor Number:
- 0
- Longitude:
- W73° 12′ 39.1”
- Latitude:
- N41° 32′ 6.6”
MLS Addon
- Office Name:
- Complete Real Estate
- Agent Name:
- Anthony Kosienski
- List Agent MLSID:
- 849606
- List Office MLSID:
- COMP01
- Tax Year:
- July 2024-June 2025
- Directions:
- GPS Friendly
- HOA Fee Amount:
- $0
- Parcel Number:
- 999999999
- Property Tax:
- $8,733
- Zoning:
- R-2
Commercial For Sale
252-254 & 260 Liberty, Meriden, 06450
0 Bedrooms
3 Bathrooms
6,971 Sqft
$1,800,000
Listing ID #24141737
Basic Details
- Property Type :
- Commercial For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24141737
- Price :
- $1,800,000
- Bedrooms :
- 0
- Baths Total :
- 3
- Bathrooms :
- 3
- Half Bathrooms :
- 0
- Square Footage :
- 6,971 Sqft
- Year Built :
- 1920
- Lot Area :
- 0.33 Acre
- City:
- Meriden
- Zipcode:
- 06450
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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