24 Meadow Street Wallingford, CT 06492
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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.
|15 hours ago||Listing updated with changes from the MLS|
|3 days ago||Status changed to Under Contract - Continue to Show|
|a month ago||Status changed to Active|
|a month ago||Price changed to $799,900|
|2 months ago||Listing first seen online|