Property Description
Income-producing 3-family property with strong investment potential in a convenient location. 96 Franklin Street features an attractive unit mix of two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, each with a functional layout including a dedicated living room. Ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental income. Property includes separate utilities for each unit and natural gas heating, offering efficiency and ease of management. Off-street parking adds additional tenant appeal and long-term rental stability. The building presents a solid opportunity for cash flow, value-add potential, and portfolio growth. Located in a high-demand rental area with close proximity to shopping, restaurants, public transportation, and major commuting routes. Whether you're looking for a turnkey multi-family investment or a property with upside through rental increases or improvements, this asset offers flexibility and long-term potential.
Overview
Property Type
Multi-family
Location
96 Franklin Street, Meriden, CT 06450
Zoning
R-3
MLS ID
24168173
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
8
Full Bathrooms
3
Appliances
Gas Water Heater
Exterior
Water Source
Public
Roof
Asphalt
Lot Features
Level
Parking
Off Street, Private, Driveway
Heat Type
Electric, Natural Gas, Baseboard, Forced Air
Air Conditioning
Window Unit(s)
Sewer
Public Sewer
Substructure
Stone
Details
Total Area
2,611 Sq.Ft.
Architecture Styles
3 updown - Unit(s) per Floor
Financial
Price
$424,990
Real Estate Tax
$4,885/yr
Exclusive Listing Agents