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1079 Broad St
Meriden, CT 06450
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Convenient Location
- Separate Utilities
- Strong Demographics and Demand
- Strong Rental Deman
- Amenities and Parking
Executive Summary
Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 1079 Broad Street in Meriden, Connecticut (the “Property”). The Property is improved by a three-story multi-family building and contains six (6) residential units comprised of one (1) Studio unit, two (2) 1-Bedroom/1-Bathroom units and three (3), 2-Bedroom/1- Bathroom units with 4,153 square feet of living area in 6,222 square feet of total area on a 0.23-acre parcel of land.
The Property is well-located along Broad Street (US Route 5), the area’s primary commercial and commuter corridor. The building is approximately 1-mile from Downtown Meriden, is close to a number of retail, dining, and entertainment amenities, and offers convenient access to area highways, public transportation, local schools, and major area employers in Meriden and along the Interstate 91 corridor. Additionally, the Property offers convenient access to Waterbury, New Britain and Middletown.
The Property is well-located along Broad Street (US Route 5), the area’s primary commercial and commuter corridor. The building is approximately 1-mile from Downtown Meriden, is close to a number of retail, dining, and entertainment amenities, and offers convenient access to area highways, public transportation, local schools, and major area employers in Meriden and along the Interstate 91 corridor. Additionally, the Property offers convenient access to Waterbury, New Britain and Middletown.
Property Facts
| Price Per Unit | $115,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.63% | Building Size | 6,222 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | R-1 | ||
| Price Per Unit | $115,833 |
| Sale Type | Investment |
| Cap Rate | 7.63% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,222 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R-1 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $273,210 | |
| Land Assessment | $132,020 | Total Assessment | $405,230 |
Property Taxes
Parcel Numbers
Land Assessment
$132,020
Improvements Assessment
$273,210
Total Assessment
$405,230
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