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New Haven,CT 06519
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $151
MLS Listing ID 24062601
Style Units on different Floors
Bedrooms 9
Full Baths 3
Year Built 1900
Annual Tax Amount $5,657
Lot Size 3,484 Sqft
Property Description
This spacious 3-family property offers significant upside potential, located just off Lamberton and a short walk from Ella T. Grasso Boulevard. 2/3 units are already occupied with long-term tenants, both paying below-market rents. All units are a whopping 3-bedrooms. Current market rates for similar units in the area exceeding $2,000/month!! With ample off-street parking, separate utilities for each unit, and rear balconies with independent entrances, this property is primed for a strategic investor looking to capitalize on New Haven's growing rental market. With some TLC, the first-floor unit is ready for a new tenant-- that coupled with increasing rents in occupied units offers you a quick path to the incredible proforma cap of 13+%! Whether you're an investor looking to reposition the asset or considering it as a live-in investment, this property is being sold "as-is, where-is," -- Updated properties in the area have sold for over $480k!
Location
State CT
County New Haven
Zoning RM2
Rooms
Basement Full,Unfinished,Shared Basement,Concrete Floor
Interior
Heating Gas on Gas
Cooling None
Exterior
Parking Features None,Paved,Off Street Parking,Driveway
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed