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 details| Price: | $$299,925 USD |
|---|---|
| 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 |
|---|---|
| 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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