Style: Units on different Floors,Units are Side-by-Side
Days on Market: 31
MLS: 24155329
Property Highlights
Style: Units on different Floors,Units are Side-by-Side
Days on Market: 31
MLS: 24155329
A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1, 300, Unit 2-$1, 550, Unit 3-$1, 300, Unit 6-$1, 375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5, 525/mo with pro-forma potential up to ~$8, 925/mo (market rent: Unit 4-$1, 550 and Unit 5-$1, 850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
Style: Units on different Floors,Units are Side-by-Side
Days on Market: 31
MLS: 24155329
A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1, 300, Unit 2-$1, 550, Unit 3-$1, 300, Unit 6-$1, 375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5, 525/mo with pro-forma potential up to ~$8, 925/mo (market rent: Unit 4-$1, 550 and Unit 5-$1, 850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1, 300, Unit 2-$1, 550, Unit 3-$1, 300, Unit 6-$1, 375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5, 525/mo with pro-forma potential up to ~$8, 925/mo (market rent: Unit 4-$1, 550 and Unit 5-$1, 850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
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