Easy Buy & Hold Sold

  • $53.000
  • 4 beds
  • 3 baths
  • 2952 sqft

Fantastic Buy And Hold Opportunity to add to your portfolio.

House is an old beautiful home with character. We hope you will preserve the old features as it gives value and character to the house. The house has a rough spot on upper floor where the roof has a leak. Other than that the house is in pristine condition.  Total repairs we evaluated would be under 10K. We had our agent and contractor walk the house to give a very accurate analysis as you are accustomed from us at “Investment Properties In Connecticut”. HOWEVER we demand you do your own research.

We did an elaborate CMA report with our agent to make sure it is a great deal.

The file is a bit large so we split it into 2 parts.

Part1

Part2

Conclusion can be found on the last page of the CMA. For convenience I will post it below.

The Numbers:

Worst sale case scenario: $140k-$155k

Best case sales price would be: $160k-$175k

Lower floor brings $1200 and upper floor $800 in Rent. Property is vacant ATM

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Price:
$53.000
Address:
41 S. 3rd St.
Meriden, Connecticut 06451
Square Feet:
2952
Lot Size:
4792
Bedrooms:
4
Bathrooms:
3
Terms:
For Sale
Property Type:
Home
Year Built:
1895
Basement:
Not finished
Const. Type:
3 Floor Colonial

Additional Features

House is in great shape. Roof does need to be patched up at a certain location. Needs minimal work. Best for a buy and hold investor. Lower floor brings $1200 and upper floor $800. Original historic finishes that brings character. Beautiful hardwood floors. Mechanicals are in working order and we feel they do not need to be replaced. Great investment even if we say so ourselves. Reason we are not buying this ourselves is that we now are doing flips. We do not do buy and hold at this time. ARV worst case scenario

Call (203) 529-4712 for more details

Property Location

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