Meriden, Connecticut 06450
Listing Details
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Meriden, CT 06450

Rent To Own
Listing ID: 51123281

$275,000

Rent to own properties are ideal for homebuyers who are on the fence and not quite ready to go "all in" on a specific real estate investment. It's basically like taking a home for a "test drive," getting to know the neighbors, local school districts and community benefits (and drawbacks) before making the all-important decision to buy. For more check out 'First Steps' below.
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  • Property Information
    • Price: $275,000
    • Total Square Feet: 7,639
    • Lot Size: 0.4 acres
    • Year Built: 1945
    • Description: Seller is highly motivated. Commercial building currently used as an auto repair/body shop. Large and open floor plan totaling 7,639 S/F. High traffic location on Center St in Meriden. Offering 2 garage bays, office area, plenty of parking spaces, shelving and separate attached rental unit. Rental unit generating $650 a month, currently used as a church meet up. Available for sale, owner financing, lease to own and lease. Copyright 2019 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
    • Source ID: 170104368
    • Day(s) On Site: 340
  • Property Tax Roll
    • Property Type: Commercial
  • AVM Report
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  • County Information
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $1,444 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $27,500 (10%) down.

      Check rates now!
Listing History
Start Date End Date Listing Type  
08/01/17 07/02/18 Rent To Own View now
  • Contact Information
    • Primary Phone: (203) 590-1111
    • Agent Company: Realty One Group Connect
    • Agent Name: Anthony Vyas
    • Agent Company Address: 401 Monroe Turnpike
    • Agent Company City: Monroe
    • Agent Company State: CT
    • Agent Company Zip: 06468
    • Agent Company Phone: (203) 590-1111
    • Agent Company Email: Email Now
    • Agent Phone: (203) 590-1111
    • Agent Email: Email Now

FIRST STEPS:

Rent To Own

Rent to own properties are ideal for homebuyers who are on the fence and not quite ready to go "all in" on a specific real estate investment.

Read more

In other words, those who choose the rent to own option enjoy all the benefits that come along with homeownership, but do it on a "trial" basis rather than getting immediately locked into a long-term, fixed housing situation.

It's basically like taking a home for a "test drive," getting to know the neighbors, local school districts and community benefits (and drawbacks) before making the all-important decision to buy. And, all the while, those who rent to own pay down the principle mortgage balance in part, ensuring that they have some skin in the game when it finally comes time to decide.

However, each rent to own situation is different. Therefore, it is important to have a real estate professional by your side, one who can read all the fine print and confirm that the deal is in your short- and long-term interests.

You can never be too careful.

If done right, rent to own is a great opportunity to eat your slice of the real estate cake and have it, too. It has the potential to be best of both worlds!

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