160 Springdale Avenue
Meriden, Connecticut

Description:

investment opportunity with built-in flexibility in the heart of Meriden! This well-maintained multifamily property offers immediate cash flow with long-term, reliable tenants already in place making it an ideal addition to any investor's portfolio. Unit 1 features a spacious 2-bedroom, 1-bath layout with direct basement access, providing added storage and functional space that tenants value. Unit 2 offers a 1-bedroom, 1-bath configuration that is consistently in high demand - perfect for steady occupancy, lower turnover, and strong rental stability among singles, professionals, or downsizers. The property includes a detached garage, offering additional storage and enhancing overall rental appeal. For those considering owner-occupancy, this property offers future flexibility with the option to occupy one unit while maintaining rental income from the other, or transition to full owner use over time. A standout feature for investors: current tenants take pride in the property and handle exterior maintenance, including snow removal, lawn care, and general upkeep helping keep operating expenses low and management minimal. Whether you're looking for consistent income, low-maintenance ownership, or a smart live-in investment strategy, this property checks all the boxes.

Listing Courtesy of RE/MAX One