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44 Randolph Avenue, Meriden CT 06451

Current Price: $340,000

8 beds 3 baths 2855 sq. ft

Last Update: 11/21/2024

Property Type: Single Family For Sale

Public Remarks

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; its a thriving business opportunity ready for its next owner. Whether youre 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. Dont 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.

Map to Property at 44 Randolph Avenue, Meriden CT 06451


West Main to Randolph

Residential Property Information for 44 Randolph Avenue, Meriden CT 06451

MLS #: 24035941

Style: Other

Color:

Total Rooms:

Bedrooms: 8

Bathrooms: 3

Acres: 0.13

Year Built: 1890 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $6,653

Zoning: R-3

Mil Rate:

Assessed Value: $172,760 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2855; below grade sq feet total is ; total sq ft is 2855

Features
Appliances Incl.: None
Fireplaces: 0
Attic: Access Via Hatch
Basement Desc.: Full
Exterior Siding: Vinyl Siding
Foundation: Masonry,Stone
Roof: Asphalt Shingle
Parking Spaces: 2
Driveway Type: Private
Garage/Parking Type: Detached Garage,Driveway
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Level Lot
Nearby Amenities: Commuter Bus,Library,Medical Facilities,Walk to Bus Lines
Occupied: Tenant
Utility Information

Hot Water System Electric,40 Gallon Tank

Heat Type: Hot Water

Fueled By: Natural Gas.

Cooling: None

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $340,000

Original List Price: $340,000

DOM: 115

Listing Date: 7/29/2024

Last Updated: 11/12/2024 8:06:29 PM

Listing Agent and Broker

List Agent Name: Mark Forte

List Office Name: Finish Line Realty