$340,000
44 Randolph Avenue Meriden, CT 06451
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$340,000
Est. payment /mo
8 Beds
3 Baths
2,855 SqFt
UPDATED:
10/22/2024 08:13 PM
Key Details
Property Type Single Family Home
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,855 sqft
Price per Sqft $119
MLS Listing ID 24035941
Style Other
Bedrooms 8
Full Baths 3
Year Built 1890
Annual Tax Amount $6,413
Lot Size 5,662 Sqft
Property Description
Investment Opportunity: Profitable licensed with the City Rooming House with Owner Financing Available Nestled in the heart of Meriden, CT, this well-maintained rooming house at 44 Randolph Ave offers a unique investment opportunity with immediate cash flow and the potential for long-term growth. Featuring 8 individual rooms, a two-car garage, and a cozy rear unit apartment, this property is designed to maximize rental income, a monthly income of $6,005 with $1,600 monthly expenses.With rentals below market this property is not just a building; it's a thriving business opportunity ready for its next owner. Whether you're expanding your portfolio or stepping into the world of real estate investment, 44 Randolph Ave offers a solid foundation with its stable income, low vacancy rates, and desirable location. Take advantage of owner financing to secure this investment with a lower upfront cost. Don't miss out on this turnkey investment. Make a move today to learn more about how you can become the new owner of this profitable rooming house. Seller is flexible with financing terms. Interested investors should have proof of funds and minimum 10% down payment.
Location
State CT
County New Haven
Zoning R-3
Rooms
Basement Full
Interior
Heating Hot Water
Cooling None
Exterior
Garage Detached Garage, Driveway
Garage Spaces 2.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Mark Forte • Finish Line Realty
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