Connecticut
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Off Market deal in Meriden, Connecticut
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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)
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)
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
second option: 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
Option Three: Renovate the property and keep it as a rental property or sell it at a profit
Evaluation of expenses according to business plan 3 number which includes renovation:Full information about the property, calculations and images can be found on the property page in the site's property arena:
https://properties.www.forumnadlanusa.com/property/עסקת-off-market-בעיר-meriden-בקונטיקט/
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1 Reply
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The deal is also suitable for 3 investors, each of whom invests 50 a thousand dollars
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