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$ 640,000
Est. payment | /mo
8 Beds
3 Baths
3,864 SqFt
$ 640,000
Est. payment | /mo
8 Beds
3 Baths
3,864 SqFt
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,864 sqft
Price per Sqft $165
MLS Listing ID 24196340
Style 3updown - Unit(s) per Floor
Bedrooms 8
Full Baths 3
Year Built 1976
Annual Tax Amount $12,545
Lot Size 7,840 Sqft
Property Sub-Type 3 Family
Property Description
Rare turnkey three-family offering strong income, extensive recent improvements, and flexibility for both investors and owner-occupants. This 8-bedroom property features a 2-bedroom first-floor unit and two 3-bedroom units on the second and third floors. The first and second floors have been fully renovated with updated kitchens featuring quartz countertops, renovated baths, flooring, windows, insulation, and modern finishes. Major capital improvements include approximately one-year-old mechanicals and water heaters for all three units, new Roth oil tanks for the second and third floors, new windows, spray-foam insulation, brand-new driveways, and new front and rear walkways. The first floor features efficient heat-pump heating and cooling, while the second and third floors each offer a wood-burning fireplace. Separate utilities, off-street parking, a fenced yard, and a low-maintenance exterior add to the property's appeal. The first floor is rented at $1,900/month, the renovated second floor is being marketed at $2,400/month, and the third floor has a long-term tenant paying $2,000/month, providing potential gross income of approximately $6,300/month at current and marketed rents, with a pro forma of approximately $7,000/month. Conveniently located near the VA Hospital, University of New Haven, I-95, Metro-North, and area amenities, this is an excellent opportunity to acquire a well-improved multifamily with strong rental fundamentals and minimal deferred maintenance.
Location
State CT
County New Haven
Zoning R3
Rooms
Basement None
Interior
Heating Heat Pump, Hot Water
Cooling Split System
Fireplaces Number 1
Exterior
Parking Features Driveway
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools West Haven
Listed by Konstantinos Milas • Milas Realty Advisors
Nearby Locations