25 New St
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
thank you
Your email has been sent!
25 New St
4 Unit Apartment Building $565,000 ($141,250/Unit) 11.27% Cap Rate Meriden, CT 06450
Executive Summary
An outstanding multifamily property set in a bustling neighborhood on a dead-end street, presenting an exceptional opportunity for investors and homeowners alike. This property 4 units, each meticulously renovated to offer contemporary living spaces. With gas utilities ensuring efficient operations, and a remarkable 9-car bay garage providing ample parking and storage, this property is primed for versatility and convenience. Strategically located near schools, parks, and major transportation routes, it offers unmatched accessibility and appeal. Whether you're looking for a lucrative investment with stable rental income or a new home in a thriving community, this multifamily property offers a compelling blend of practicality and potential. Don't miss this chance to secure a property that combines modern amenities with strategic location for enduring value.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $565,000 | Property Subtype | Apartment |
| Price Per Unit | $141,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 11.27% | Building Size | 2,840 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.27 | No. Stories | 3 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 3.17/1,000 SF |
| Price | $565,000 |
| Price Per Unit | $141,250 |
| Sale Type | Investment |
| Cap Rate | 11.27% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 9.27 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 2,840 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 3.17/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,800 | 1,210 |
| 1+1 | 2 | $1,175 | 380 - 450 |
| 2+1 | 1 | $1,250 | 800 |
1 of 1
zoning
| Zoning Code | B3 |
| B3 |
-
Kyle Jeppesen - J6 Management
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
J6 Management
25 New St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.