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83 PLEASANT ST
MERIDEN, CT 06450-5103
Asking Price
$549K
Cap Rate
4.2%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
New: 4-Unit Value-Add, $549K <p>Strong value-add multifamily with ~$37,200 of annual rent upside — current collected income of $44,400/yr against $81,600/yr pro forma (~84% growth)</p><p>One 3BR unit delivered vacant for immediate mark-to-market; second 3BR occupied month-to-month at $1,500 with no lease in place, giving a buyer full flexibility to reposition</p><p>Favorable unit mix: (2) 3BR/1BA and (2) 1BR/1BA — strong demand profile in the Meriden rental market</p><p>Separately metered with gas heat and electric heat, ke
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NOI
$80,000
Cap Rate
14.57%
DSCR
2.45
Strong
Cash-on-Cash
28.78%
Monthly Payment
$2,716.152
Annual Cash Flow
$47,406.171
