Off-Market Deal in Meriden, Connecticut Transaction: Purchase of 2 Duplex Units in ...
Off Market deal in Meriden, Connecticut
Nature of the transaction:
Purchase of 2-unit duplex at $ 90 cash in Meriden, Connecticut (the price at which the property will go up for sale to the free market in ten days by a broker is 109 - see below sales history)
Property's sales history:
Wholesaler fees and full accompaniment are added to this price until the property is owned by you and is under management company (if you are interested, we can also take care of you to open a company etc. at a reduced cost)
Business plan options:
Today the property has two tenants who pay 650 dollars each to 2 bedroom apartment
Option one: Leaving the property as it is as a rental property
Option 2: You can try to raise the rent to the market price of 900 dollars to existing tenants, and another to decide on the evacuation of tenants
In principle it is better to leave a tenant who pays than to spend it to renovate his apartment in 7500 dollars and therefore it is better to see if you can get with the tenants to build in terms of their low monthly rent
Third option: to renovate the property and keep it as an income-producing property or sell it at a profit
Evaluation of expenses according to business plan 3 number which includes renovation:
Information about the property from the municipality:
Property:
Property Chart:
Calculation of existing and proforma expenses:
It can be seen that the area is considered a hot area with an average price of assets of 167,100 dollars. The region has risen by 5 percent in the last year
You can also get by in this area without a car - everything is close and there is a Manhattan train station!
10 minutes walking to the train to Manhattan:
Tour of the 1 property:
https://www.youtube.com/watch?v=Qkeo8JlUoRE&feature=youtu.be
Tour of the 2 property:
https://www.youtube.com/watch?v=rDLlvj_pLeA&feature=youtu.be
Tour of the 3 property:
https://www.youtube.com/watch?v=EDQOwxwgT10&feature=youtu.be
Tour of the 4 property:
https://www.youtube.com/watch?v=_FL1NDxqVBM&feature=youtu.be
Tour of the 5 property:
https://www.youtube.com/watch?v=o-jYIVyvwmQ&feature=youtu.be
Pictures from the property:
First Floor - Bathroom:
https://gyazo.com/49344612523d887959ac542d8c8e5769
https://gyazo.com/409beb6f3b5c3077a7f88c54ce53f742
Second Floor - First Bedroom:
https://gyazo.com/0d1464dc785b595736e5b48297b3bd55
Second Floor - Second Bedroom:
https://gyazo.com/8000330e593d87f8542f06361d445d6d
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Details about the type of transaction:
Flip, Multi Family Property
A Flip is a property that can be purchased for a below market value, be renovated, and sold for market value with a profit
Address:
off market duplex in Meriden
This property was posted on the Real Estate Forum of the United States Real Estate Forum
To view the full details of the property please click on the link:
https://properties.www.forumnadlanusa.com/property/%d7%a2%d7%a1%d7%a7%d7%aa-off-market-%d7%91%d7%a2%d7%99%d7%a8-meriden-%d7%91%d7%a7%d7%95%d7%a0%d7%98%d7%99%d7%a7%d7%98/?lang=en
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Hello friends, as you may have noticed, the amount of good deals is few and should be found in tweezers. The current deal is for a duplex in the developing city of Meriden that…
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