152 Britannia St, Meriden, CT

Multi-family for Sale - $155,000 - 3,244 Sq. Ft. on 0.24 acres


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Agent Info

NamePauline Valenti
CompanyCENTURY 21 AllPoints Realty

Property Info

CIMLS #1042479
Location152 Britannia St
Meriden CT 06450
Last UpdatedApril 1st, 2019
TypeMulti-family
Price$155,000
Building3,244 Sq. Ft.
Land0.24 acres
DemographicsView data

Contact


Property Description

ATTENTION INVESTORS/OWNER OCCUPANTS. Great opportunity to own this 5-family home. 1ST TIME IN 50 YEARS ON THE MARKET. Victorian style home with wrap-around porch on the front and back of the home....original inside front staircase. Double front door. FIRST FLOOR APT.1 has a large one bedroom with a fireplace and bow window in the living room. FIRST FLOOR, APT. 2 is an efficiency...tenant has been here for 15+ years. 2ND FLOOR, APT 3 is vacant since mid 2018-1 bedroom. 2ND FLOOR, APT 4- tenant has been here for 1.5 years. 3RD FLOOR, APT. 5 is a 2 bedroom, tenant has been here for 15+ years. Rents are below market value with all utilities included. At the current rent roll the CAP is 10.1. But with adjusting the rent roll to market value, the CAP would be 21.0 There is no laundry on site..Laundromats near by. 2018 converted from oil heat to a gas/furnace conversion. The operating expenses for 2018 were with oil heating. But going forward with the new gas/furnace conversion it is possible to save $$$. Ample off-street parking. Roof is 6 years old. CO is current. Hard-wired fire alarm system in place and functioning.CASH OR CONVENTIONAL FINANCING ONLY. As tenants move, work will need to be done in some apartments. Close to all major highways, train station, hospital, schools and businesses. WILL require proof of funds or a preapproval prior to showing. Subject to probate approval. PLEASE DO NOT DISTURB THE TENANTS BY WALKING ONTO THE PROPERTY. NO OFFERS BEFORE 3/30/19


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