96 Franklin St Meriden, CT 06450

Building Details

Year Built

1880

Listing Agency SERHANT CONNECTICUT LLC a***@serhant.com Show Phone

Listed by Arian Hoxha · License #RES.0815860 Show Phone

Source Elliman

Added: Apr 28 Checked: Jul 15 at 9:24 pm

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Investment Insights

Based on property information with market context.

This income-producing three-family property offers strong investment potential in a convenient location. The property features an attractive unit mix of two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, each with a functional layout including a dedicated living room. It is ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental income. The property includes separate utilities for each unit and natural gas heating, offering efficiency and ease of management. Off-street parking adds additional tenant appeal and long-term rental stability. The building presents a solid opportunity for cash flow, value-add potential, and portfolio growth. Located in a high-demand rental area, the property is in close proximity to shopping, restaurants, public transportation, and major commuting routes. This asset offers flexibility and long-term potential through rental increases or improvements.

Key Highlights

• Income‑producing 3‑family property with strong investment potential.
• Attractive unit mix: two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit.
• Separate utilities for each unit and natural gas heating for efficiency.

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FAQs

What type of property is this?

Triplex - Three-family property with investment potential in a convenient location.

Where is this triplex located?

The property is located at 96 Franklin St Meriden, CT.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Income‑producing 3‑family property with strong investment potential.; Attractive unit mix: **two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit.**; Separate utilities for each unit and natural gas heating for efficiency.