235 hanover street is a potential cash cow! currently cash flowing with 3/5 occupied units and below market rents, this property has the potential to gross $6,500/month when fully occupied and current market rents. the property consists of 3 residential studio units and 2 commercial store fronts. location! the building is situated in meriden's downtown, with close proximity to the meriden green, city hall, restaurants, the new train station, new public library, highways, etc. with its low-rise structure, brick/vinyl siding and electric heat, this building is low maintenance and not management intensive. each unit has separate electric meters + owner meter. behind the building is a 4-car private driveway. for the commercial spaces, there is great exposure with a 7,200+ car traffic count per day. meriden has spent the last several years improving their downtown area with new development, and this building sits in diagonal view from the new center that will soon begin construction. seize the opportunity to purchase a value-add property centrally located in meriden's up and coming downtown & cash in on its revitalization!
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This real estate listing for sale at 235 Hanover is presently used as with 2620 total sqft and was built in 1890. It is located in the Meriden, CT area with the 06451 zip code. For more info about the property at 235 Hanover, Meriden, CT 06451 or if you would like to schedule a showing, please contact the listing agent above.
Data sourced from CT SMART MLS and was last updated January 01, 1970. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.
Mortgage: $2,629
Taxes: $443
Insurance: $0
HOA: $0
Utilities: $0
Downpayment: $14,525
