314 Lenox Street, New Haven, CT 06513

Investor's Dream in Fair Haven Heights: Approved 3-Family Conversion with Water Views. Unlock incredible income potential with this updated two-family home, situated in New Haven's desirable Fair Haven Heights neighborhood. This property presents a rare opportunity to own a triplex for under $500,000. Already approved by the city for conversion to a three-family dwelling, this property comes with the permits and floor layouts in hand to transform the spacious third-level attic into a charming one-bedroom apartment. With comparable 1-bedroom units in the area currently commanding rents around $1,700 per month, the added unit promises significant immediate ROI. The existing two units have been thoughtfully remodeled within the last 1.5 years, featuring modern upgrades. Each unit have tile baths, sleek quartz countertops, brand-new cabinetry, and gleaming stainless-steel appliances. Plus, all windows throughout the property are new. Property is being sold AS IS and will require a new roof once the third unit conversion is completed. property has potential to convert the garage into an (additional dwelling unit) ADU for added income. however, the proper permits are required for this ADU in the garage.