REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$425,000
Est. payment /mo
1 Bath
2,016 SqFt
UPDATED:
11/12/2024 02:24 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $210
MLS Listing ID 24056051
Full Baths 1
Year Built 1924
Annual Tax Amount $11,140
Lot Size 4,791 Sqft
Property Description
Check out this 5 unit + 5 garage bay investment opportunity off of E Main St with 9.5+% CAP return. This property has all 1 bed, 1 bath units. The utilities are separate and tenant paid - all gas heat, HW and cooking. 2 units w/forced hot air and 3 units with baseboards. Also separate and tenant paid electric - panels in basement. Walk-up attic from 2nd floor. Large detached garage in rear w/5 bays - great for additional income $$. Above the garages is unfinished space that can be turned into office or additional storage for even more possibilities. Good opportunity for a cash flowing asset w/some value add opportunity - with 25+% pro-forma ROI.
Location
State CT
County New Haven
Zoning RM
Interior
Heating Baseboard, Hot Air
Cooling Window Unit
Exterior
Exterior Feature Storage Building, Sidewalk, Gutters, Lighting
Garage Off Street Parking
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Sloping Lot
Story 3
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Read Less Info
Listed by Amanda Faroni-Sheehan • Oxford Realty