$899,000
Multi Family In East Haven
- 7 Beds
- 6 Baths
- 2,784 Sqft
- 14,811 Sqft lot
- Updated: May 15
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1
Views for last 30 days
- Source: SmartMLS MLS#24155329
About the Property
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 &a
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.
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Property type
Other
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Year built
1920
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Price/sqft
$322
Features
- Basement
- Parking
Explore the Area
116 Old Foxon Road, New Haven, Connecticut, United States
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Last updated
May 15
First listed
Apr 15
Listing reference
24155329
Listing status
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