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$450,000
Est. payment /mo
9 Beds
5 Baths
3,454 SqFt
UPDATED:
12/11/2024 06:58 AM
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,454 sqft
Price per Sqft $130
MLS Listing ID 24060882
Style Units on different Floors,4updown - Unit(s) per Floor
Bedrooms 9
Full Baths 5
Year Built 1874
Annual Tax Amount $5,838
Lot Size 4,356 Sqft
Property Description
This exceptional 4-unit property offers the perfect combination of immediate rental income potential and long-term value appreciation, all in a neighborhood poised for exciting redevelopment. The first-floor unit is a spacious 3-bed, 2-bath with a large living room, kitchen, & generously sized bedrooms. On the second floor, Unit 2F features a comfortable 2-bedroom, 1-bath layout. At the same time, Unit 2R offers a flexible 1-bed, 1-bath design with a dining area that can easily be converted into a second bedroom, maximizing its rental potential. The third-floor unit shines with a 3-bed, 1-bath, a large living room, an eat-in kitchen, and a newly installed air handler for modern efficiency and comfort. Current rents under Market value- market rents in the area range from $1,200-$1,500 for 1-bedroom units, $1,400-$1,800 for 2-bedroom units, and $1,800-$2,400 for 3-bedroom units, providing a strong foundation for steady cash flow. The property has been meticulously maintained, with significant updates completed just 6 years ago, including new siding, roof, & a rear deck that adds both durability and curb appeal. Its oversized, driveway-like frontage offers privacy and ample parking for tenants and guests, while the detached garage provides bonus storage or workshop space, enhancing tenant satisfaction. Located on a quiet city street that is part of an area undergoing transformative redevelopment.
Location
State CT
County New Haven
Zoning CBD
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Ceiling Fans
Exterior
Parking Features None, Paved, Off Street Parking, Driveway
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description City Views, Level Lot
Foundation Brick, Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Mustafa Muaremi • Regency Real Estate, LLC