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 |
1 of 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
Parcel Number | MERI-000102-000005-000021-000029 | Improvements Assessment | $48,440 |
Land Assessment | $90,440 | Total Assessment | $138,880 |