$385,000
485 East Street New Haven, CT 06511
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$385,000
Est. payment /mo
9 BD
3 BA
2,616 SqFt
Under Contract
485 East Street New Haven, CT 06511
UPDATED:
11/20/2024 01:30 AM
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,616 sqft
Price per Sqft $147
MLS Listing ID 24057738
Style Units on different Floors
Bedrooms 9
Full Baths 3
Year Built 1900
Annual Tax Amount $6,069
Lot Size 3,049 Sqft
Property Description
This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.
Location
State CT
County New Haven
Zoning RM2
Rooms
Basement Full, Unfinished, Shared Basement
Interior
Heating Baseboard, Hot Air
Cooling None
Exterior
Garage None
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 Per Board Of Ed
Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.
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