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.
182 days
|
148
|
7
|
Zillow last checked:
Listing updated:
Listed by:
Aharon Cowen(747)252-3955,
Roundtree Realty LLC475-227-4312,
Javyn Roundtree475-227-4312,
Roundtree Realty LLC
Source: Smart MLS,MLS#: 24155329
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 6
Full bathrooms: 6
Heating
Forced Air, Natural Gas
Cooling
None
Appliances
Included: Gas Water Heater, Water Heater
Laundry: Common Area
Features
Basement: Partial,Partially Finished
Attic: None
Has fireplace: No
Interior area
Total structure area: 3,364
Total interior livable area: 3,364 sqft
Finished area above ground: 2,784
Finished area below ground: 580
Property
Parking
Total spaces: 8
Parking features: Parking Lot, Driveway, Private
Has uncovered spaces: Yes
Accessibility
Accessibility features: Accessible Approach with Ramp
Lot
Size: 0.34 Acres
Features: Level, Sloped
Details
Parcel number: 1100640
Zoning: R-2
Construction
Type & style
Home type: MultiFamily
Architectural style: Units on different Floors,Units are Side-by-Side