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$ 1,800,000
Est. payment /mo
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254 & 260 Liberty Street Meriden, CT 06450
3 Baths
4,745 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,745 sqft
Price per Sqft $379
MLS Listing ID 24172428
Full Baths 3
Year Built 1885
Annual Tax Amount $8,733
Lot Size 5,662 Sqft
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 since 2023 (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.
Location
State CT
County New Haven
Zoning R-2
Interior
Heating Baseboard, Radiator
Cooling None
Exterior
Parking Features Paved, Off Street Parking, Driveway
Utilities Available Electric, Gas
Roof Type Asphalt Shingle
Building
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Anthony Kosienski • Complete Real Estate