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Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,182 sqft
Price per Sqft $155
MLS Listing ID 24055812
Sold Date 12/11/24
Style 4updown - Unit(s) per Floor
Bedrooms 11
Full Baths 4
Year Built 1890
Annual Tax Amount $10,251
Lot Size 7,840 Sqft
Property Description
Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property has a very strong rent roll and a vacant unit available for primary homeowners. This property yields a 22% return at full market values, amounting to a yearly net cash flow of $39,000. There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up. Three of the four units have undergone substantial renovations over the last 2 years. The property also features updated electric panels, newer mechanicals, off-street parking, and a BRAND NEW ROOF, with tenant paid utilities. FHA eligible.
Location
State CT
County New Haven
Zoning RM
Rooms
Basement Full, Concrete Floor
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Shingle
Building
Foundation Block
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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Bought with Christopher Germosen • King Realty Group LLC