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$899,000
Est. payment /mo
7 Beds
6 Baths
3,364 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 3,364 sqft
Price per Sqft $267
MLS Listing ID 24155329
Style Units on different Floors,Units are Side-by-Side
Bedrooms 7
Full Baths 6
Year Built 1920
Annual Tax Amount $9,677
Lot Size 0.340 Acres
Property Sub-Type 5 Family+
Property Description
A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1,300, Unit 2-$1,550, Unit 3-$1,300, Unit 6-$1,375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5,525/mo with pro-forma potential up to ~$8,925/mo (market rent: Unit 4-$1,550 and Unit 5-$1,850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
Location
State CT
County New Haven
Zoning R-2
Rooms
Basement Partial, Partially Finished
Interior
Heating Hot Air
Cooling None
Exterior
Parking Features Parking Lot, Driveway
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot, Sloping Lot
Foundation Brick, Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools East Haven
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Listed by Aharon Cowen • Roundtree Realty LLC
NEARBY SCHOOL & BUSINESS
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