116 Old Foxon Road, East Haven, CT 06513
116 Old Foxon Road, East Haven, CT 06513
116 Old Foxon Road, East Haven, CT 06513
116 Old Foxon Road, East Haven, CT 06513
116 Old Foxon Road, East Haven, CT 06513
116 Old Foxon Road, East Haven, CT 06513
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Ilka Torres

Ilka Torres

+1(860) 697-9971
$ 899,000
Est. payment | /mo

7 Beds

6 Baths

3,364 SqFt

Save
$ 899,000
Est. payment | /mo
Save

7 Beds

6 Baths

3,364 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 3,364 sqft

Price per Sqft $267

MLS Listing ID 24155329

Style Units on different Floors,Units are Side-by-Side

Bedrooms 7

Full Baths 6

Year Built 1920

Annual Tax Amount $9,677

Lot Size 0.340 Acres

Property Sub-Type 5 Family+

Property Description

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.

Location

State CT

County New Haven

Zoning R-2

Rooms

Basement Partial, Partially Finished

Interior

Heating Hot Air

Cooling None

Exterior

Parking Features Parking Lot, Driveway

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot, Sloping Lot

Foundation Brick, Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools East Haven

Listed by Aharon Cowen • Roundtree Realty LLC
Nearby Locations

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Ilka Torres
Ilka Torres

Broker | License ID: REB.0794005

+1(860) 697-9971

1939 Broad St, Hartford, CT, 06114, USA

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116 Old Foxon Road