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24 Meadow Street

Wallingford, CT 06492
  • $799,900
  • STATUS: Active Under Contract
  • ON SITE: 58 Days
  • MLS #: 170512089
Under Contract
UPDATED: 71 min ago
$799,900
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,284
    SQFT
  • $110
    $/SQFT
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

INVESTMENT OPPORTUNITY AWAITS!! Property consists of a 4-Family home each with 2 bedroom units; and a 2-Family home with a 3 bedroom 1st floor unit and a 2 bedroom 2nd floor unit. These properties have long term tenancy and a positive cash flow right out of the gate! 24 Meadow Street features a 4 unit, 4,216 sq ft Multi-Family Home with long-term tenants in place for over 20 years! The "Southside" of the home which has two - two bedroom units with 1200 sq ft each are fully occupied. The "Northside" of the home, which has two - two bedroom units with 800 sq ft each features the 2nd floor occupied and the 1st floor vacant. 22 Meadow Street features a 2 family house in the back with 3,068 sq ft. This home has a vacant 1st floor Ranch Style Unit with 1,400 sq ft. This unit is vacated after 15 years of occupancy and is being re-done. The 2nd floor has 1,200 sq ft and is occupied. There is coin-operated laundry in this 2 family home.Both houses have updated electrical on all six apartments, they were all gutted and have new plumbing, sheetrock, and insulated. New windows were installed approximately 15 years ago. All separate utility meters make it a breeze for the tenant to pay their individual usage. Long term tenants have been in place resulting in rents that are currently below market value. Potential exists to increase profit margins. Proof of funds or lender preapproval will be required.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-09-30T11:10:24.63.
www.foreverhomesrealestate.net/homes/131509242
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24 Meadow Street Wallingford, CT 06492

  • Price: $799,900
  • Status: Active Under Contract
  • On Site: 58 Days
  • Updated: 71 min ago
  • MLS #: 170512089
0
Beds
0
Baths
0
½ Baths
0.16
Acres
7,284
SQFT
$110
$/SQFT
1900
Built
County:
New Haven
Area:
Wallingford
Property Description
INVESTMENT OPPORTUNITY AWAITS!! Property consists of a 4-Family home each with 2 bedroom units; and a 2-Family home with a 3 bedroom 1st floor unit and a 2 bedroom 2nd floor unit. These properties have long term tenancy and a positive cash flow right out of the gate! 24 Meadow Street features a 4 unit, 4,216 sq ft Multi-Family Home with long-term tenants in place for over 20 years! The "Southside" of the home which has two - two bedroom units with 1200 sq ft each are fully occupied. The "Northside" of the home, which has two - two bedroom units with 800 sq ft each features the 2nd floor occupied and the 1st floor vacant. 22 Meadow Street features a 2 family house in the back with 3,068 sq ft. This home has a vacant 1st floor Ranch Style Unit with 1,400 sq ft. This unit is vacated after 15 years of occupancy and is being re-done. The 2nd floor has 1,200 sq ft and is occupied. There is coin-operated laundry in this 2 family home.Both houses have updated electrical on all six apartments, they were all gutted and have new plumbing, sheetrock, and insulated. New windows were installed approximately 15 years ago. All separate utility meters make it a breeze for the tenant to pay their individual usage. Long term tenants have been in place resulting in rents that are currently below market value. Potential exists to increase profit margins. Proof of funds or lender preapproval will be required.
Exterior Features

Construction Description Frame Foundation Type Stone Lot Description Level Lot Parking Total Spaces 0 Road Frontage Description State Road Roof Information Asphalt Shingle

Interior Features

Cooling System None Flooring VinylWall-To-Wall Carpet Heat Type Hot Air

Property Features

Bank Owned Property Yn No Commercial Category InvestmentResidential Income Documents Available None Electic Amperage 100 Flood Zone Yn No Garage Parking Info On Street ParkingParking Lot Heat Fuel Type Natural Gas Location Suburban Possession Availability Immediate Potential Short Sale Yn No Present Use Multi-Family Rental 2 Building Property Tax 10997 Sewage System Public Sewer Connected Sign Yn Yes Tenants Number Of 4 Utilities Available ElectricGasTelephoneCable Water Source Public Water Connected Zoning Ca6

Listing information © 2022 Smart MLS
Listing provided courtesy of Bridie Bradbury of Calcagni Real Estate: (203) 265-1821.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-09-30T11:10:24.63.
 
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