Opportunity to own a large three-family investment

Multi-Family for Sale
Catylist Listing ID: 30547335
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 3,672 SF
Gross Building Area: See Agent
Gross Land Area: 0.14 SF
Sale Price: $190,000
Unit Price: $63,333.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Other
Cap Rate: 9.5%
Last Updated: 12/22/2019

Overview / Comments

Opportunity to own a large three-family investment on a corner lot with 9.5+% CAP rate. Property is updated with vinyl siding, replacement windows and remodeled units. The unit mix consists of (3) 3 bed/1 bath units. The utilities are separate (a mix of oil and electric H&HW - 2 units tenant paid, 1 unit owner pays). There is room on the left side with off-street parking. The property is 100% occupied. Great opportunity for someone looking to start their portfolio. This can be purchased as part of a larger portfolio. The owner will stay on as management.

Additional Details

Nearest MSA: New Haven-Milford
County: New Haven
Zoning: RM
Property Located Between: Bank St to Charles St
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1927
Roof Type: Gable
Construction/Siding: Aluminum Siding
Exterior Description: Porch-Enclosed, Sidewalk
Parking Type: Surface
Parking Description: Paved, Off Street Parking
Heat Type: Electricity, Oil
Heat Source: Baseboard
Fuel: Oil
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,657 114,191 185,420
Median Age: 35.81 36.35 37.8
Households: 8,537 43,887 71,279
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