1079 Broad St - Apartments FOR SALE


Meriden, CT 06450- Meriden/Wallingford
$595,000 USD
860-656-0205
1079 Broad St, Meriden, CT for Sale
$595,000 USD
Apartments - FOR SALE
1/14
null | 6.92% Cap Rate

1079 Broad St
Meriden, CT 06450
Meriden/Wallingford


HIGHLIGHTS

  • Convenient Location
  • Value Add Potential
  • Separate Utilities
  • Amenities & Parking
  • Strong Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 1079 Broad Street in Meriden, Connecticut (the “Property”). The Property is improved by a three-story multi-family building and contains six (6) residential units comprised of three (3), 1-Bedroom/1-Bathroom units and three (3), 2-Bedroom/1-Bathroom units with 4,153 square feet of living area in 6,222 square feet of total area on a 0.23-acre parcel of land. The Property is well-located along Broad Street (US Route 5), the area’s primary commercial and commuter corridor. The building is approximately 1-mile from Downtown Meriden, is close to a number of retail, dining, and entertainment amenities, and offers convenient access to area highways, public transportation, local schools, and major area employers in Meriden and along the Interstate 91 corridor. Additionally, the Property offers convenient access to Waterbury, New Britain and Middletown.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

6

PRICE/UNIT

$99,167

CAP RATE

6.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

MERI-000805-000311C-000012-000031B

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
860-656-0205

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Tim HinesHorvath & TremblayMore Info
860-656-0205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.