Meriden, CT Northeast Private Client Group (NEPCG) has brokered the sale of Tudor Manor.
Senior associate Taylor Perun and investment associate Alex Burr represented the seller and procured the buyer for the multifamily transaction.
130 Bradley Ave. sold for $2.4 million, equating to a price of $104,348 per unit. The 23-unit property is in a residential neighborhood with access to major interstates. The 21,500 s/f property consists of (10) – 1-bedroom, (10) – 2-bedroom, one (1) – 3-bedroom, 1 bath, and two (2) – 3-bedroom, 1.5 bath apartments. The property’s heat and hot water is supplied through central natural gas-fired units and is paid for by the landlord. The property features a laundry room and a parking lot. All units and common areas are finished with hardwood flooring.
“Meriden’s central CT location has attracted investors and tenants alike. The new owner intends to capitalize on the strong rental market through continued renovations of units and raising the rent roll,” said Perun.
Northeast Private Client Group specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors.