tomo logo

$340,000

Beds
8
Baths
3.0
sq ft
2,855

44 Randolph Ave, Meriden, CT 06451

44 Randolph Ave

Meriden, CT 06451

  • 115 days on market
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.

Details

Property type

Single Family Residence

Est. home value

$441,807

Lot size

5,663 sq ft

Price per sq ft

$120

Year built

1890

Annual property taxes

$6,653

Price History

11/12/2024
SmartMLS

SmartMLS #24035941

Listed
$340,000
10/22/2024
SmartMLS

SmartMLS #24035941

Pending
$340,000
07/29/2024
SmartMLS

SmartMLS #24035941

Listed
$340,000
-5.56%

Schools & Community

Elementary school: 

Per Board of Ed

Middle school: 

Unknown

High school: 

Per Board of Ed

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Happy Neighborhood

Loan start date

January 2019

Original loan amount

$220,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Purchase Money Mortgage

Seller

Mehmet Bala

Lender

Happy Neighborhood

Loan start date

January 2019

Original loan amount

$220,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Purchase Money Mortgage

Seller

Mehmet Bala

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 9:45 AM

Listing updated: 11/12/2024 at 3:10 PM

Listed by: Mark Forte, Finish Line Realty Phone #: (203) 707-9809

MLS: SmartMLS #24035941

SmartMLS logo

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