$577,000
$595,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
4,710 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $577,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,710 sqft
Price per Sqft $122
MLS Listing ID 24020711
Sold Date 10/04/24
Full Baths 2
Year Built 1919
Annual Tax Amount $11,698
Lot Size 0.270 Acres
Property Description
7.5% CAP - 7 Units + 3 car-garage in Long Hill Neighborhood. There is one 1 bed/1 bath unit and the larger building with six 2 bed/1 bath units. The property is 100% occupied. Three-car detached garage in back also rented and off-street parking. The utilities are separate and tenant paid - a mix of gas and electric. Most of the rents are below market = good upside for a 9% CAP/pro-forma. Minimal yard = low/inexpensive exterior maintenance. Great opportunity for value add asset.
Location
State CT
County New Haven
Zoning RM
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Exterior Feature Sidewalk, Gutters, Lighting
Parking Features Off Street Parking, Unassigned Parking, Unpaved
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 3
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Amanda Faroni-Sheehan • Oxford Realty
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Broker | License ID: REB.0794005