A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1,300, Unit 2-$1,550, Unit 3-$1,300, Unit 6-$1,375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5,525/mo with pro-forma potential up to ~$8,925/mo (market rent: Unit 4-$1,550 and Unit 5-$1,850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
171 days
|
128
|
5
|
Zillow last checked:
Listing updated:
Listed by:
Aharon Cowen(747)252-3955,
Roundtree Realty LLC475-227-4312,
Javyn Roundtree475-227-4312,
Roundtree Realty LLC
Source: Smart MLS,MLS#: 24155329
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 6
Full bathrooms: 6
Heating
Forced Air, Natural Gas
Cooling
None
Appliances
Included: Gas Water Heater, Water Heater
Laundry: Common Area
Features
Basement: Partial,Partially Finished
Attic: None
Has fireplace: No
Interior area
Total structure area: 3,364
Total interior livable area: 3,364 sqft
Finished area above ground: 2,784
Finished area below ground: 580
Property
Parking
Total spaces: 8
Parking features: Parking Lot, Driveway, Private
Has uncovered spaces: Yes
Accessibility
Accessibility features: Accessible Approach with Ramp
Lot
Size: 0.34 Acres
Features: Level, Sloped
Details
Parcel number: 1100640
Zoning: R-2
Construction
Type & style
Home type: MultiFamily
Architectural style: Units on different Floors,Units are Side-by-Side
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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