19 Swain Avenue Meriden CT

19 Swain Avenue, Meriden is a fully leased two-family house only available for sale along with 711 East Main Street, Meriden.

 This property has an annual NOI of $20,512.67 and an attractive Cap Rate of 10.52%.

 Sales Price = $195,000.00

This is a well maintained, two-family house only available for sale along with the purchase of 711 East Main Street, Meriden.

Income

• 1st Floor – large 1-bedroom unit lease for $975.00 Per Month
• 2nd Floor – 3-bedroom unit leased for $1,100 Per Month
• Both leases expire April 1, 2021
• Garage leased for $200.00 Per Month
• Total Monthly Income = $2,275.00
• Total Annual Income = $27,300.00

Expenses

• Property Taxes = $4,187.33
• Insurance = $2,000
• Water and Sewer = $600.00
• Total Expenses = $6,787.33

Financial Information

• NOI = $20,512.67
• Sales Price = $195,000.00
• Cap Rate = 10.52%

• 19 Swain Ave, Meriden
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