Opportunity to own a two unit multi-family

Multi-Family for Sale
Catylist Listing ID: 30547331
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,845 SF
Gross Building Area: See Agent
Gross Land Area: 0.09 SF
Sale Price: $149,900
Unit Price: $74,950 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 12/22/2019

Overview / Comments

Opportunity to own a two unit multi-family + 2 car-detached garage in the Hillside area with 9% CAP rate. Property is updated with vinyl siding, replacement windows and remodeled units. There is a drive way with off-street parking and two-car garage in rear. The property has a 1st fl 3 bed unit and a 2nd fl 4 bed unit, both approx. 1,400 SF each. The property is 100% occupied, and both tenants are currently on a lease. The utilities are separate and tenant paid - gas H&HW + updated electrical. There is a full/unfinished basement. 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 (not required).

Additional Details

Nearest MSA: New Haven-Milford
County: New Haven
Zoning: RM
Property Located Between: Hillside Ave to Central Ave OR Grove St to Central Ave
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1910
Roof Type: Gable
Construction/Siding: Aluminum Siding
Exterior Description: Awnings, Porch, Sidewalk
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas
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: 31,930 113,172 181,522
Median Age: 32.42 36.61 37.94
Households: 11,764 43,749 69,712
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