$340,000 ($119.09 per sqft)
Under Contract - Continue to Show
Est. Mortgage $1,787/mo *
44 Randolph Avenue, Meriden, (East Meriden), CT, 06451
12 rooms
8 beds
3 Full baths
1890
Other
2,855 sqft
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.
Status:
Under Contract - Continue to Show
Town:
Meriden
Type:
Single-family residential
Zoning:
R-3
Garage:
2-car Detached Garage, Driveway
Heating:
Hot Water
Cooling:
None
Basement:
Full
Parking:
3-car
Acreage:
0.13
Est. Taxes:
$6,653
Assessment
$172,760
Lot Description:
Level Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
102
Appliances:
None
MLS #:
24035941
Community Info
School Info
Walk Score
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Listing courtesy of Mark Forte, Finish Line Realty Email: markforte17@gmail.com