Well Maintained with Stable, Long Term Tenants. Great Cash Flow with Lots of Upside Rent Potential. 100% occupied. All separately metered. Updated Kitchens and Bathrooms. 1 New Service Panel. Newer Windows. Please See Attachments for Financial Analysis. Prequal Letter required prior to Showing. Do not walk the property or knock on tenants' door. This property is part of a 21 Unit Portfolio (MLS# 170193869) and can be purchased separately, or combined as a smaller package of properties within .5 mile radius (MLS# 170193932).
Off market
Street View
Zestimate®
$487,000
16 Read St, New Haven, CT 06511
8beds
4,686sqft
MultiFamily
Built in 1900
-- sqft lot
$487,000 Zestimate®
$104/sqft
$3,165 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Gas
Cooling
- None
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 4,686 sqft
- Finished area below ground: 1693
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Stucco, Vinyl
- Waterfront features: Not Applicable
Lot
- Size: 4,791 sqft
- Features: Level
Details
- Parcel number: NHVNM253B0507L01800
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
Materials
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: New Haven
HOA & financial
Other financial information
- Total actual rent: 275000
Other
Other facts
- Sewer: Public Sewer
- Heating: Forced Air, Natural Gas
- Roof: Asphalt
- Basement: Unfinished, Full
- AssociationYN: 0
- HeatingYN: true
- NumberOfUnitsTotal: 2
- ConstructionMaterials: Frame, Stucco, Vinyl Siding
- LandLeaseAmountFrequency: Monthly
- NumberOfUnitsInCommunity: 2
- LotFeatures: Level
- Zoning: RM1
- ParkingFeatures: Driveway
- BelowGradeFinishedArea: 1693
- GrossIncome: 26220
- YearBuiltSource: Public Records
- FoundationDetails: Concrete
- WaterSource: Public Water Connected
- TotalActualRent: 275000.00
- WaterfrontFeatures: Not Applicable
- ArchitecturalStyle: Units on different Floors
- NetOperatingIncome: 17139
- OperatingExpense: 9081
- MlsStatus: Active
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$487,000
2% more+$9,740
With Zillow Showcase(estimated)$496,740