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
Other
Location
96 Franklin Street, Meriden, Connecticut 06450
Zoning
R-3
MLS ID
24168173
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
8
Full Bathrooms
3
Exterior
Water Source
Public Water Connected
Roof
Asphalt Shingle
Lot Features
Level Lot
Parking
Driveway, Off Street Parking
Heat Type
Baseboard, Hot Air
Air Conditioning
Window Unit
Sewer
Public Sewer Connected
Substructure
Stone
Details
Architecture Styles
3 updown - Unit(s) per Floor
Water Frontage
Not Applicable
Financial
Price
$450,000
Real Estate Tax
$4,885/yr
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