Average square foot calculated using Size range provided by listing agent.
Description
This rare 9-unit multifamily offers tremendous value-add potential and strong cash flow upside. Each oversized unit is filled with natural light and features updated kitchens and baths, with several equipped with high-efficiency Navien systems for reduced operating costs. All utilities are separate and tenant-paid, maximizing income. Several units are already rent-ready and marketed-market comps show 1-bedrooms renting for $1, 350/month and 2-bedrooms for $1, 600/month. The local market is strong, with a recent 8-unit sale nearby closing at $1.88M. Prime location just minutes to State Street, I-91, I-95, and Yale University keeps demand high. With large square footage, solid rental demand, and room for renovations or lease-up, this property is poised for immediate returns and long-term appreciation. Don't miss this rare chance to invest in a thriving New Haven market!Show Description
MLS® Number24110007
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageNo
Approx. Age1910
BasementFull, Unfinished, Shared Basement
DrivewayNone
Garage Spaces
HeatNatural Gas, Hot Water
A/CNone
Heating Fuel
Extras
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