Multi-Family

690 Broad St


690 Broad St
MeridenCT 06450

690 Broad St

Multi-Family: Mid-Rise

690 Broad St, MeridenCT 06450

Details

Rentable Space
5,376 SF
Zoning
R3
Building Status
Existing
Number of Buildings
1
Year Built
1930
Year Renovated
2004
Number of Floors
3
Total Parking
6
Occupancy Type
Single Tenant
Number of Units
6
Water Utility Available
Yes
Sanitary Sewer Utility Available
Yes
County
New Haven

Current Listings

6 Unit Multi Family

5,376 SF$399,900

Broad St, Meriden -6 Units | 100% Occupied - | 9+% CAP

Truly Turn Key Opportunity

his is a rarely available opportunity to own a truly turn key six unit property on Broad St in Meriden with 9+% CAP rate 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!

Broad St, Meriden -6 Units | 100% Occupied - | 9+% CAP

Truly Turn Key Opportunity

his is a rarely available opportunity to own a truly turn key six unit property on Broad St in Meriden with 9+% CAP rate 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!

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CTCList

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