$450,000
$499,900
10.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
3,116 SqFt
SOLD DATE : 10/14/2024
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,116 sqft
Price per Sqft $144
MLS Listing ID 24024025
Sold Date 10/14/24
Style 3updown - Unit(s) per Floor
Bedrooms 5
Full Baths 3
Year Built 1920
Annual Tax Amount $10,413
Lot Size 5,227 Sqft
Property Description
Back on market buyer unable to secure finance!!! Spacious, Fully Rented 3-Family Home with Excellent Income Potential. This is an exceptional opportunity to own a spacious, fully rented 3-family home with outstanding income and cash flow. The property has been meticulously maintained and updated over the years, ensuring durability and reduced maintenance costs. Key updates include roof, furnaces, windows, and a modern 100 amp electric service with a house meter and emergency hallway lighting. The first and second units feature beautiful hardwood floors and high ceilings, while the third-floor unit is carpeted for added comfort. Located in a prime area, the home is close to shopping, public transportation, good schools, dining, and entertainment options. Easy access to local highways makes commuting a breeze. Financially, the property generates a monthly income of $51600 annually, and a cap rate of 7.05%, making it a highly attractive investment opportunity. Whether you are an investor looking to expand your portfolio or a buyer seeking a property with excellent income potential, this fully rented 3-family home is a perfect choice. Units are on month to month status. Schedule a viewing and explore the full potential this property has to offer. Inspection for buyers information only.
Location
State CT
County New Haven
Zoning R5
Rooms
Basement Full, Full With Hatchway
Interior
Heating Gas on Gas, Hot Air, Hot Water
Cooling Window Unit
Exterior
Parking Features None, Off Street Parking, Driveway
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Brick, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Zenaida Mora • Century 21 Scala Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "