19 Goodwill Avenue Under Contract Save Request In-Person Tour Request Virtual Tour
Meriden,CT 06451
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 7,456 sqft
Price per Sqft $100
MLS Listing ID 24086834
Year Built 1930
Annual Tax Amount $5,348
Lot Size 0.390 Acres
Property Description
Investment Opportunity & Ideal for 1031 Exchange ... ! Nestled in the heart of Meriden, 19 Goodwill Ave offers an incredible opportunity for investors looking to capitalize on a prime real estate asset. This well-located building is set to undergo a conversion into a multi-unit apartment building, making it a lucrative addition to any portfolio. This is fully approved for 15 units; the new buyer will need to submit for a building permit. 15 units broken down into 11 one bedroom apartments and 4 efficiencies. The current rent for the city housing efficiency is $1,465 and 1 bedroom is $1,567. The seller currently has the following and will share with potential buyers with an NDA signed and verified buyer information along with proof of funds: Electrical Stamped drawings, Mechanical Stamped drawings, Architectural Drawings, Civil drawings. The property will be transformed into modern, high-demand rental units, providing steady cash flow potential in a growing market. With its strategic location in Meriden, a city that is increasingly attractive due to its proximity to major highways, commuter access, and ongoing redevelopment initiatives, this property is poised for long-term appreciation.
Location
State CT
County New Haven
Zoning C-1
Interior
Heating Baseboard,Hot Air
Cooling None
Exterior
Utilities Available None/Unknown
Roof Type Flat
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected