118 Columbia St, Meriden, CT 06451

Description

Mixed-use income with built-in flexibility. 118 Columbia Street works equally well for an owner-occupant or an investor growing a portfolio. Unit 1 is a street-level storefront, currently leased to a neighborhood bodega. Unit 2 is a loft-style one bedroom with cement floors, high ceilings, an open floor plan, and an updated kitchen with white cabinets, granite counters, and stainless appliances. Unit 2 also connects to the right side of the garage (room for two cars, a workshop, or storage) and to the back yard, which has a fenced area for relaxing or entertaining. Unit 3 is a two bedroom, one bath with updated white cabinets and granite counters. Unit 4 offers three bedrooms, two baths, and its own separate driveway. The left side of the garage fits two more cars or ample storage and could be rented for additional income. All residential tenants are month-to-month, so a new owner is free to adjust rents, renovate, or move in. Location is a key strength. Meriden sits midway between Hartford and New Haven, and the property is right next to I-691, which makes commuting easy for tenants. There are two newer Navien boilers that service two of the units and one oil boiler. Each unit has its own washer and dryer hookups for true convenience. Income today, upside tomorrow.