19 Goodwill Ave 7,216 SF Specialty Building Offered at $750,000 in Meriden, CT 06451

EXECUTIVE SUMMARY

Investment Opportunity & Ideal for 1031 Exchange ... ! Nestled in the heart of Meriden, 19 Goodwill Ave offers an incredible opportunity for investors looking to capitalize on a prime real estate asset. This well-located building is set to undergo a conversion into a multi-unit apartment building, making it a lucrative addition to any portfolio. This is fully approved for 15 units; the new buyer will need to submit for a building permit. 15 units broken down into 11 one bedroom apartments and 4 efficiencies. The rent for section 8 efficiency is $1,465 and 1 bedroom is $1,567. The seller currently has the following and will share with potential buyers with an NDA signed and verified buyer information along with proof of funds: Electrical Stamped drawings, Mechanical Stamped drawings, Architectural Drawings, Civil drawings. The property will be transformed into modern, high-demand rental units, providing steady cash flow potential in a growing market. With its strategic location in Meriden, a city that is increasingly attractive due to its proximity to major highways, commuter access, and ongoing redevelopment initiatives, this property is poised for long-term appreciation.

PROPERTY FACTS

Price $750,000
Price Per SF $103.94
Sale Type Investment or Owner User
Property Type Specialty
Lot Size 0.25 AC
Building Size 7,216 SF
No. Stories 2
Year Built 1959
Zoning C-1
Walk Score®
Very Walkable (83)

PROPERTY TAXES

  • Listing ID: 35413137

  • Date on Market: 4/8/2025

  • Last Updated:

  • Address: 19 Goodwill Ave, Meriden, CT 06451