Market Analysis For

112 Hobart St Meriden, CT

Property Description

Owner occupants and investors take notice! This is a 3 Unit Multi-Family Property with multiple upgrades including a new appliance, new carpet, new pergo floors, new cabinets, fresh paint and hardwood floors recently reglossed. Property is a cash cow boasting over $3,275 in below market monthly gross income. This property won't last.! Call now for details!!

 

This is a preliminary description of the property. Once I come to see the property, I'll take note of more selling points.

 

Comparable Properties

Currently On The Market

75 Linsley Ave, Meriden, CT 

Listing Agent's Comments: A good live in or investment home with large level lot and two car garage. All separate utilities. Plenty of off street parking. 

 

Asking Price:            $189,900

Year Built:                 1890

Square Footage:      2,758

Lot Size:                    Not Disclosed 

Taxes:                       $4,533

Days on market:       884

 

Currently On The Market
154 Bunker Ave, Meriden, CT

Listing Agent's Comments: 3rd floor has electric heat, positive cash flow, fully rented.

 

Asking Price:            $159,900​

Year Built:                 1920

Square Footage:      3,148

Lot Size:                    6,098 sqft

Taxes:                       $3,255

Days on market:       160

 

Currently On The Market
42 Antonio Ave, Meriden, CT

Listing Agent's Comments: Great investment opportunity, Multifamily!

 

Asking Price:            $134,900

Year Built:                 1890

Square Footage:      2,472

Lot Size:                    9,148 sqft

Taxes:                       $4,595

Days on market:       25

 

Currently On The Market
82 Woodland St, Meriden, CT

Listing Agent's Comments: A great live-in or investment home on the north side of Meriden with all separate utilities.

Asking Price:            $134,900

Year Built:                 1905

Square Footage:      1,800

Lot Size:                    9,148 sqft

Taxes:                       $3,336

Days on market:       199

 

Under Deposit
13 South First St, Meriden, CT

Listing Agent's Comments: 3 family, all mechanics in good/great condition and within code. This could be great money maker for investor or owner-occupied and have tenants pay the mortgage. Some exterior maintenance needed. City lot across street for extra play area. Walking distance to downtown, Meriden Mall, etc. 2nd flr will be vacant soon-tenant is moving. 1st flr tenant has Housing program that pays rent directly into your account. 1st flr also has service animal. 1st and 3rd floors have been renovated/painted recently. !st has new carpet. 3rd has some new tile floors. Fantastic tenants

 

Asking Price:            $135,500

Year Built:                 1880

Square Footage:      2,730

Lot Size:                    3,049 sqft

Taxes:                       $3,444

Days on market:       154

 

Under Deposit
15 Garden St, Meriden, CT

Listing Agent's Comments: N/A

 

Asking Price:            $145,000

Year Built:                 1895

Square Footage:      2,435

Lot Size:                    6,098 sqft

Taxes:                       $3,759

Days on market:       2

 

SOLD
SOLD
13 Cambridge St, Meriden, CT

Listing Agent's Comments: Instant money maker!!! As Is. 2 units are occupied and are ready for you to collect your rent!!! 3 units all have 2 bedrooms and a full bath. First unit has half bath and washer/dryer hook up. These units also have access to a 4 car garage! Units are in good shape! 

Asking Price:            $129,999

SOLD PRICE:            $125,000

Year Built:                 1918

Square Footage:      2,903

Lot Size:                    6,534 sqft

Taxes:                       $4,309

Days on market:       8

74 Prospect St, Meriden, CT

Listing Agent's Comments: INVESTORS TAKE NOTICE ! 3 unit multi ready to go ! Multi to bring in $38,000/ year. Brand new siding and roof. New deck, newer windows. Huge parking lot ! A MUST SEE for an investor or someone looking to live on one floor and rent the others out and have your mortgage paid ! All 3 units layout are the same.

 

Asking Price:            $155,000

SOLD PRICE:            $152,000

Year Built:                 1895

Square Footage:      2,808

Lot Size:                    7,405 sqft

Taxes:                       $3,754

Days on market:       122

Based on these similar properties that are currently listed, are under deposit, or have recently sold, I'd recommend that you place your property on the market at $144,900.

 

If you would like to proceed with listing the property, simply call, email, or text me with a good time to meet so I can take photos of the property and fill out necessary paperwork.