New Listing - 11/04/2024
485 East Street, New Haven, CT, 06511
18 rooms
9 beds
3 Full baths
1900
Units on different Floors
2,616 sqft
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.
Status:
Active
Type:
Multi-family
Units:
3
Zoning:
RM2
Heating:
Baseboard, Hot Air
Cooling:
None
Basement:
Full, Unfinished, Shared Basement
Acreage:
0.07
Est. Taxes:
$6,069
Assessment
$157,640
Lot Description:
Level Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
0
MLS #:
24057738
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Lisa Cozzi, Berkshire Hathaway NE Prop. Email: mulveylisa@gmail.com