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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 12/3/2024 |
|---|---|---|---|
| YEAR BUILT | 1900 | COUNTY | New Haven |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Per Board of Ed |
|---|---|
| High School | Per Board of Ed |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| LOT | 3485 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Off Street, Private, Driveway, None |
| SEWER | Public Sewer |
| STYLE | Units on different Floors |
| TAXES | 5657 |
| WATER | Public |
| ZONING | RM2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing courtesy of Berkshire Hathaway NE Prop.
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This IDX solution is (c) Diverse Solutions 2024.