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...
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 current rent for the city housing 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.
Listing courtesy of Coldwell Banker Realty
Contract Signed
Meriden, Connecticut
Type: House
Price: $750,000
Re Tax: $5,348
Approx. sqft: 7,456 sf
Web ID: 24085954
Type: Multi Family
Rooms: 1.0
Bedrooms: 1
Built: 1930
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