13 Elm StreetMeriden, CT 06450MLS Number 170160304

  • Price: $360,000
  • Est. Mortgage of $/month
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$
%
$/month over payments
Federal 30-year interest rate: 4.06% last updated on May 23, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.22Acreage
  • 1940Year Built
  • 3,600Square Feet

Great property with high cash flow in place and value-add potential! Updated 5 unit in a quite Meriden location. 4 units are occupied. 5th unit is legal and needs to be built out. Current Gross Income is $55,500, resulting in 11%+ CAP. Pro-rata, with the 5th unit up and running GI will be $68,400 - translating to a 15%+ CAP. Please see attached documents for additional info.

Listed by Julia Ladz Erlikh of Broder Commercial, LLC

Driving Directions

Vernon Office
Vernon Office
Office: 860-871-2775
646 Hartford Turnpike
Vernon, CT 06066

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Vernon Office 860-871-2775

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More Info

Basic Information

  • StatusACT
  • List Price$360,000
  • Square Feet3,600
  • HoaNo
  • Lease purchaseNo
  • Units5
  • Net operating income42177
  • Property subtype5 Family+
  • Property TypeMulti-Family For Sale
  • Acreage0.22
  • MLS Number170160304

Interior

  • RoofAsphalt Shingle

Exterior

  • Exterior sidingVinyl Siding

Water Body

  • Waterfront DescriptionNot Applicable
  • WaterfrontNo

Tax Information

  • Milrate base41
  • Milrate tax district2
  • Milrate total43.21
  • Taxes$6,186
  • Tax YearJuly 2018-June 2019
  • Assessed value$143,150

Building

  • Year Built1940
  • Property StyleOther
  • FoundationConcrete
  • Garage Parking InfoDetached Garage
  • New construction typeNo
  • AtticNo
  • BasementFull

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemNone
  • Hot water descriptionDomestic
  • Heating FuelNatural Gas
  • Fuel tank locationNon Applicable
  • Heat SystemGas on Gas
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolPer Board of Ed

Rooms

  • Laundry room infoCommon Laundry Area

Location

  • StateCT
  • Zip06450
  • CountyNew Haven

Property

  • Lot DescriptionN/A
  • Garage2
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • SwimmingpoolNo
  • Building ConstructionFrame

Auction

  • Bank owned propertyNo

Other

  • Space is leasedNo
  • View Count6

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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