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.
Each apt. has 2 bedrooms! Walk out basement with extra room plus a full bathroom! First floor has w/d hook-up and basement also! New roof less than one year old! First fl. & 2nd fl. are gas heat. 4 pkg. spaces off Street located on a cul-de-sac. Have your clients drive-by kindly. Both tenants are month to month. The attic, the top area can be converted for more space as long as it is all approved and inspected by Building Dept of Meriden.
Meriden is located in Connecticut. Meriden, Connecticut has a population of 60,790. Meriden is less family-centric than the surrounding county with 21.68% of the households containing married families with children. The county average for households married with children is 26.84%.
The median household income in Meriden, Connecticut is $59,792. The median household income for the surrounding county is $75,043 compared to the national median of $69,021. The median age of people living in Meriden is 40.2 years.
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 19.1 degrees. The average rainfall is approximately 50.5 inches per year, with 34.6 inches of snow per year.
