INVESTMENT OPPORTUNITY IN THE HEART OF DOWNTOWN MERIDEN! Located on Grove Street, just steps from the train station, Meriden Green, business disctrict, public transportation, and a bustling array of restaurants, coffee shops, shopping, entertainment, library, post office, and supermarket, this immaculate, vacant 3-unit multifamily property is a golden find for cash or hard-money investors. The property consists of two studio apartments downstairs, and a spacious 2 bedroom apartment upstairs. 2 out of 3 units are fully renovated and move-in ready, each equipped with in-unit laundry. One of the first-floor studio apartments is gutted to the studs, presenting the opportunity to customize and maximize rental potential.The property boasts several key features, including newer mechanicals, off-street parking, a detached garage/shed, a 2017 roof, new plumbing, fresh paint/finishings, an unfinished walk-up attic with limitless possibilities, and easy access to bus line/public trasportation. As a fully operating rental, this property has the potential to make $3,400+ in rental income! The urgency cannot be stressed enough: this downtown treasure is aggressively priced to sell and will not linger on the market. Secure your chance and act now to grab this incredible investment opportunity! ***Some photos are virtually staged***
Vinyl sided multifamily. Property has a lot of potential. Convenient location to central business district. Buyers must do their due diligence. Agents please review agent remarks for offer instructions. Cash Only sale.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
5,227
Year renovated
2024
Sq. Ft.
1,643
Year built
1900
Style
Multi-Family (2-4 Unit)
County
New Haven County
APN
1180414
Parking Spaces
3
Basement
Yes
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Apr 27, 2024.
R-2
Two- or Three-Family Residential District
The purpose of this district shall be to provide areas for several types of housing in a medium-density environment with access to a range of community services and transportation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service
Educational/school
Park & open space
Property details
Parking
Garage Information
Garage & Parking: Detached Garage
Garages Number: 1
Parking Information
Parking Total Spaces: 1
Interior
Virtual Tour Information
Has Virtual Tour
Interior Information
Laundry Room Info: Washer/Dryer Some Units
Bathroom Information
# of Baths (Full): 3
Bedroom Information
Beds Total: 2
Room Information
Basement Description: Partial
Multi-Unit Information
Unit Count: 3
Total Number of Units: 3
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Vinyl Siding
Lot Information
Lot Description: Level Lot
Building Information
Foundation Type: Concrete
Construction Description: Frame
Color: Gray
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 3 Family
Living Area SQFT Per Public Record: 1643
Driveway Type: Paved
Financial
Assessments Information
Assessed Value: $104,650
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Natural Gas
Heat Type: Baseboard, Radiator
Heat Fuel Type: Electric, Natural Gas
Fuel Tank Location: In Basement
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Directions: GPS friendly
County: New Haven
Public facts
Beds: 6
Baths: 3.0
Sq. Ft.: 1,643
Stories: 2.0
Parking Spaces: 3
Basement: Yes
Accessible: No
Lot Size: 5,227 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 2024
County: New Haven County
APN: 1180414
HOA Dues: —
Garage: Yes
Features: —
Home facts updated by owner on Apr 27, 2024
Other
Documents & Disclosures
Supplement Count Public: 2
Around this home
Schools
John Barry School
Public PreK-5 • Assigned • 0.5mi
7/10
Washington Middle School
Public 6-8 • Assigned • 1.6mi
4/10
Orville H. Platt High School
Public 9-12 • Assigned • 1.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 98° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Meriden, CT • 06451
Average low and high temperatures (°F)
32
19
35
20
51
32
60
41
68
50
80
60
85
67
80
59
75
55
64
45
52
36
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$344,000 – $416,000
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