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819 Straits Turnpike Suite 3B

Middlebury, CT 06762

1 203 753 5800

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19 Swain Avenue Meriden CT

19 Swain Ave, Meriden, CT 06450, USA
$195,000

Description

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%

 

Property Documents

  • City: Meriden
  • State/county: Connecticut
  • Country: United States

Detail

Updated on December 3, 2020 at 12:51 pm

  • Property ID: MCP-5092
  • Price: $195,000
  • Land Area:0.14
  • Year Built: 1981
  • Property Type: Investment, Multifamily
  • Property Status: For Sale

Contact info

Noah Matthews
Noah Matthews
2037213337
Linkedin

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