163 Springdale Avenue
Fantastic mixed-use opportunity in vibrant Downtown! Dive into this dynamic property boasting a bustling bar on the first floor, generating $2200 in rent. Ascend to the second and third floors where cozy 2-bedroom apartments await, each fetching $1200 in monthly rent. With separate utilities for each unit and no vacancies, this gem promises convenience and profitability. Plus, ample parking ensures hassle-free visits for patrons and residents alike. Don’t miss out on this investment with a stellar 15.9% cap rate and a remarkable 50% cash-on-cash return. Join the excitement and seize this prime commercial building today!
View full listing detailsPrice: | $$299,925 USD |
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Address: | 163 Springdale Avenue |
City: | Meriden |
State: | Connecticut |
Zip Code: | 06451 |
MLS: | 170622383 |
Year Built: | 1895 |
Acres: | 0.140 |
Lot Square Feet: | 0.140 acres |
Bathrooms: | 2 |
price: | 299925 |
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flooring: | Wood |
heatType: | Gas on Gas |
location: | Highway Access, Urban |
hubbardYN: | no |
sqFtTotal: | 2678 |
unitCount: | 2 |
directions: | Lewis and springdale |
presentUse: | cafe and residential |
sqFtSource: | Public Records |
floodZoneYN: | no |
propertyTax: | 5472 |
waterSource: | Public Water Connected |
currentPrice: | 299925 |
heatFuelType: | Gas In Street |
milRateTotal: | 37.12 |
neighborhood: | N/A |
sewageSystem: | Public Sewer Connected |
assessedValue: | 147420 |
coolingSystem: | Wall Unit |
garageParking: | Paved |
foundationType: | Stone |
lotDescription: | Dry, Level Lot |
preferredPhone: | (860) 573-0277 |
numberOfStories: | 3 |
numberOfTenants: | 3 |
roofInformation: | Asphalt Shingle |
subdividableYnu: | No |
compOnlyManualYN: | no |
exteriorFeatures: | Gutters, Lighting, Sidewalk |
interiorFeatures: | Public Restrooms, Security System |
underAgreementYN: | no |
bankOwnedProperty: | no |
grossAnnualIncome: | 55800 |
numberOfRestrooms: | 4 |
grossAnnualExpense: | 8117 |
netOperatingIncome: | 47683 |
potentialShortSale: | No |
totalNumberOfUnits: | 3 |
utilitiesAvailable: | Electric Available, Gas Available, Phone Available, Cable Available |
businessIncludedYnn: | No |
supplementCountPublic: | 1 |
elevationCertificateYN: | no |
possessionAvailability: | flexible |
roadFrontageDescription: | Municipal Street, Paved Road |
additionalSpaceAvailableYN: | no |
webDistributionAuthorizations: | IDX Sites, Realtor.com |
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