7.5% CAP - 7 Units + 3 car-garage in Long Hill Neighborhood. There is one 1 bed/1 bath unit and the larger building with six 2 bed/1 bath units. The property is 100% occupied. Three-car detached garage in back also rented and off-street parking. The utilities are separate and tenant paid - a mix of gas and electric. Most of the rents are below market = good upside for a 9% CAP/pro-forma. Minimal yard = low/inexpensive exterior maintenance. Great opportunity for value add asset.
Multi-familyProperty Type
1919Year Built
0.27 acresLot Size
$123Price/Sq.Ft.
3 garage spacesParking
Listed by Amanda Faroni-Sheehan• Oxford Realty
Bought with Amanda Faroni-Sheehan• Oxford Realty
Source:Smart MLS #24020701
Redfin Estimate
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*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
1950
Sq. Ft.
4,710
Year built
1919
Style
Multi-Family (5+ Unit)
County
New Haven County
APN
1378656
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jul 13, 2023.
RM
Medium Density Multi-Family Residential District
The RM District is established to provide for a variety of housing choices and limited nonresidential uses. The District allows for moderate density multi-family residences, townhouses, and Residential Campus Developments. Uses and Conditional Accessory Uses are permitted by Zoning Permit, Special Permit, or Special Exception approval as provided in of these Regulations.
Permitted uses
Include but are not limited to:
No uses permitted by right
Property details
Parking
Garage Information
Garage & Parking: Detached Garage, Off Street Parking, Unassigned Parking, Unpaved