Smart MLS #24083340
235 Hanover St,
Meriden, CT 06451
☆
For Sale
Commercial$415,000
2528 Sqft · 5 Units · RESINC,RETAIL
Attention investors: fully occupied mixed use property! we are seeking investors for a value-added mixed-use property currently generating an impressive 10.6 capitalization rate (cap). all tenants are currently on month-to-month leases and are paying below-market rents. the new owner has the potential to significantly enhance the property's cap to 13 or even higher by implementing market-based rents. the property consists of three spacious residential studio apartments on the upper level and two commercial retail spaces on the ground level. it is strategically situated in meriden's vibrant downtown area, conveniently located near the new train station, town green, public library, and major highways. each apartment is equipped with electric baseboard heating, ensuring comfortable living. each unit has its own separate electric meter, along with a house meter. there are ample parking options, including four parking spaces behind the building for both residential and retail units, as well as on-street parking.
Map
Listing
Market Stats
- List $415,000
- 5 Days on Market
Real Estate Agent
Details
Building
- Built 1890
- 5 Units
Sqft
- 2528 Total Sqft
Lot / Land
- 0.09 Acres
- 900 Neighborhood
- Corner Lot, Cleared
- TOWN,PAVED
Other
- 0 Loading Docks
Utilities
- Hot Air
- Electric
- Public Water
- Public Sewers
Rental
- 3 Tenants
Parking
- 4 Total Spaces
- 4 Uncovered Spaces
Taxes
- Assessment $143,150
- Mill Rate 36.31
- Taxes $5,513
- Parcel Num 1176233
Mortgage Calculator
- 30yr Fixed-Rate Loan
- 6.83% Interest
- Purchase Price $415,000
- Down Payment $83,000 (20.00%)
Estimated Payment with
30yr Fixed Rate Mortgage
30yr Fixed Rate Mortgage
Monthly
$2,630
$2,630
Monthly Est. $2,630
Yearly Est. $31,565
30yr Est. $946,961
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This real estate listing for sale at 235 Hanover St is presently used as with 2528 total sqft and was built in 1890. It is located in the Meriden, Connecticut area with the 06451 zip code. For more info about the property at 235 Hanover St, Meriden, CT 06451 United States or if you would like to schedule a showing, please contact the listing agent above.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:00:35. 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.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:00:35. 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.