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53 WASHINGTON ST
MERIDEN, CT 06451
Asking Price
$650K
Cap Rate
8.48%
Asset Type
Multifamily
Class
Class B
What's Special
5-Unit Multifamily | 8.48% Cap Rate | Value-Add Opportunity <p>(3) Two Bedroom / One Bathroom Units</p><p>(2) One Bedroom / One Bathroom Units</p><p>Separate Utilities</p><p>Gas Heat</p><p>Good overall condition with value-add potential through rent growth</p><p>Going-In Cap Rate: 8.48%</p><p>Unit 2 currently below market – immediate upside potential</p>
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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856
