690 Broad St
Meriden, CT 06450
Multifamily Property For Sale · 6 Units

This is a rarely available opportunity to own a truly turn key six unit property on Broad St in Meriden with 8.5% CAP rate ($35k + NOI) and room to increase. The property consists of (6) 2 bed / 1 bath apartments with Historically Low Vacancy and 100% Occupancy. The building was gut renovated in 2004, including Completely Renovated Units that feature: Kitchens – newer ceramic tile, cabinets, counters + appliances, Baths – newer tile, tub surrounds, toilets + vanities and Hardwood Floors Throughout. The utilities are separate and tenant paid. There is updated Electric (2004) with panels in the basement. There is Gas Heat & Hot Water + Gas for Cooking - Steam Boilers w/Radiators and Newer Furnaces. The property also offers: Hardwired Smoke Detectors and all (12) doors are fire-rated, timed common area lights in hallways, basement and exterior, Tenant Storage in Basement (4 in use) + Coin-Op, Shared Laundry in Basement. There is ample, off-street parking in the rear. LOCATION – hear highway, shopping, restaurants, employment!