Charming 2-Family Income Producer in the Heart of New Haven - Turnkey Cash Flow from Day One! Located in the heart of New Haven, this 2-unit multifamily property at 567 Sherman Parkway offers convenience and strong investment potential. Close to renowned schools and public facilities, it features a large 0.18-acre lot with a spacious backyard and open driveway that comfortably parks up to 7 cars off-street, providing rare privacy and convenience. Each unit includes 3 bedrooms plus a living room that could easily change into the 4th bedroom. Currently leased at $2,000 and $1,850 per month respectively, with tenants paying their own utilities, the property generates $3,850/month ($46,200 annually) - delivering high gross yield to the listing price. New owners enjoy immediate revenue from day one. The generous land adds significant value (estimated land contribution $80,000-$120,000+), while replacement construction costs for a similar building far exceed the listing price. In today's economy, this property serves as both an inflation-shielded investment and a low-maintenance business with limited personal involvement. Ideal for investors seeking reliable passive income or owner-occupants who want rental income to help cover the mortgage. Don't miss this unique opportunity with strong fundamentals and immediate cash flow! Schedule your showing today.
111 days
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136
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3
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Zillow last checked:
Listing updated:
Listed by:
Xiaoming S. Li(917)623-6536,
Real Broker CT, LLC855-450-0442
Source: Smart MLS,MLS#: 24171227
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2
Heating
Forced Air, Hot Water, Natural Gas
Cooling
Window Unit(s)
Appliances
Included: Gas Water Heater, Water Heater
Laundry: In Unit
Features
Smart Thermostat
Basement: Full
Attic: Pull Down Stairs
Number of fireplaces: 2
Interior area
Total structure area: 1,792
Total interior livable area: 1,792 sqft
Finished area above ground: 1,792
Property
Parking
Total spaces: 7
Parking features: Attached, Off Street
Attached garage spaces: 1
Accessibility
Accessibility features: Multiple Entries/Exits
Lot
Size: 7,840 Square Feet
Features: Level
Details
Parcel number: 1252935
Zoning: RM2
Construction
Type & style
Home type: MultiFamily
Architectural style: Units on different Floors
Property subtype: Multi Family
Materials
Vinyl Siding
Foundation: Concrete Perimeter
Roof: Asphalt
Condition
New construction: No
Year built: 1940
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Park, Playground, Public Rec Facilities, Near Public Transport, Shopping/Mall