254 Liberty StMeriden, CT 06450

This exceptional investment opportunity presents a fully occupied, two-building multifamily property located at 252-254 and 260 Liberty Street in Meriden, Connecticut. The property comprises 14 units, a mix of studios, one-bedroom, and two newly renovated three-bedroom apartments, totaling 6,971 square feet across two buildings on a 0.23-acre lot. Built between 1885 and 1920, the buildings underwent extensive renovations between 2022 and 2024, resulting in a property with virtually no deferred maintenance. The recent upgrades include new roofs, windows, exterior paint, and updated HVAC, electrical, and plumbing systems throughout. Ten of the twelve units in 252-254 Liberty Street have been renovated in the last couple of years. 260 Liberty Street is a completely remodeled two-family home. The property boasts 12 off-street parking spaces in a newly paved lot. Currently generating over $200,000 in annual gross income, this property offers a strong rental history with some below-market rents presenting an opportunity for immediate income growth. The basement is roughed-in for a potential laundry facility, adding further income potential. The asking price is $1,800,000, translating to $258.21 per square foot. This is a turnkey investment with strong cash flow and significant upside potential. The property is managed locally, with management costs included in the provided financial statements.