This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
775 W Main St
Meriden, CT 06451
Hubbard Park Condominiums · Multifamily Property For Sale
·
21 Units
INVESTMENT HIGHLIGHTS
- Good Unit Mix + Townhouse Style Apartments
- Separate & Tenant Paid Utilities
- Beautiful Building, Inside & Out
- Ample Off-Street Parking w/Newly Paved Parking
- Over $250k in Renovations!
- 7.5+% CAP!
PROPERTY FACTS
| No. Units | 21 | Building Size | 20,158 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1983/2017 |
| Building Class | B | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 0.79 AC | ||
| Zoning | C-2 | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 20,158 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1983/2017 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | C-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Eat-in Kitchen
- Refrigerator
- Tub/Shower
- Deck
ABOUT 775 W MAIN ST , MERIDEN, CT 06451
A rare opportunity to own 21 units under one roof in Meriden, CT with 7+% CAP rate – that’s turn key with many beautiful updates. This property features townhouse style apartments + standard units with a unit mix consisting of: (3) 1 Bed + 1 Bath Units; (3) 2 Beds + 1 Bath Units; (10) 2 Beds + 1.5 Bath Units and (5) Beds + 2 Baths Units. There are separate and tenant paid utilities – gas heat and hot water + CAIR. There is ample off-street parking and great curb appeal in a quiet area of town. The property features over $250,000 in recent improvements including: a new water service line ($31k); rebuilt utilities housing for all units ($45k); replaced all the rotten wood on exterior; installed new siding all over the building; rebuilt + painted all stair cases + railings, new concrete walkway throughout the front; new parking lot with complete excavation + new gravel and 3" of asphalt. They also replaced + painted all rear decks & balconies; replaced all facials of windows and doors; replaced all wooden retaining walls; and painted all front doors ($180k +). The units have various updates throughout: kitchens, baths, paint, etc., with good size rooms and all kitchens have a dishwasher. This property is a good opportunity for someone looking to acquire 21 units in one place with lots of updates inside and out + great management and stable tenant base. Contact us for more information! Please do NOT walk the property unrepresented. 21 Units Total 3: 1 Bed + 1 Bath Units 3: 2 Beds + 1 Bath Units 10: 2 Beds + 1.5 Bath Units 5: 2 Beds + 2 Baths Units Beautiful Building, Inside & Out Separate & Tenant Paid Utilities Ample Off-Street Parking Many Renovations Inside & Out Over $250,000 + in Property Improvements: New water service line $31,000 Rebuilt utilities housing for all units $45,500 Replaced all the rotten wood on exterior Installed new siding all over the building Rebuilt + painted all stair cases + railings New concrete walkway New parking lot with complete excavation + New gravel and 3" of asphalt Replaced + painted all rear decks & balconies Replaced all facials of windows and doors Replaced all wooden retaining walls Painted all front doors $180,000 + TOTAL $256,500 +
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
| 2+2 | 15 | - | - |
PROPERTY TAXES
| Parcel Number | MERI-000620-000220-000003A | Improvements Assessment | $1,281,000 |
| Land Assessment | $294,000 | Total Assessment | $1,575,000 |
PROPERTY TAXES
