Town Plot neighborhood, three-family opportunity available with 11% CAP rate + 26% ROI. This is a turn key three-family ready for someone to owner occupy or start investing. The 1st & 2nd floor are 2 bed/1 bath and the 3rd fl is a 4 bed/1 bath unit. The roof is BRAND NEW w/full strip and chimney rebuild. The property also has some replacement windows throughout. The units feature newer kitchens, baths, laminate flooring + updated fixtures. The utilities are separate and tenant paid - electric H, HW and cooking. There is a driveway to the left of the property (neighbor has an easement) with dirt parking area behind. Increase rents for 11.5+% CAP proforma. Location, LOW maintenance + minimal expenses make this is a great opportunity for someone looking to start their portfolio or add on.
Multi-familyProperty Type
1900Year Built
4,791 sq ftLot Size
$177Est. Price/Sq.Ft.
Listed by Lisa Cozzi• Berkshire Hathaway NE Prop.
Bought with Chris Marshall• YellowBrick Real Estate LLC
Source:Smart MLS #170362188
Redfin Estimate
$378,776
$177K since sold in July 2021$13K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 12.4% lower than the average sale price ($432K) of 6 comparable homes.
*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
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
1965
Sq. Ft.
2,146
Year built
1900
Style
Multi-Family (2-4 Unit)
County
New Haven County
APN
1388477
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
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: Paved, Off Street Parking
Interior
Interior Information
Laundry Room Info: All Units Have Hook-Ups
Cooling System: Window Unit
Bathroom Information
# of Baths (Full): 3
Bedroom Information
Beds Total: 8
Room Information
Basement Description: Full, Unfinished
Has Attic
Attic Description: Crawl Space
Multi-Unit Information
Unit Count: 3
Total Rooms Multi Family: 14
Total Number of Units: 3
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Vinyl Siding
Exterior Features: Lighting, Porch, Sidewalk
Lot Information
Lot Description: Sloping Lot
Building Information
Foundation Type: Brick, Concrete
Construction Description: Frame
Color: Beige
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 3 Family
Living Area SQFT Per Public Record: 2146
Driveway Type: Private, Dirt
Financial
Assessments Information
Assessed Value: $76,510
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Electric
Heat Type: Baseboard
Heat Fuel Type: Electric
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Commuter Bus, Public Rec Facilities, Public Transportation, Walk to Bus Lines
Directions: Washington Ave/Congress Ave to Alder St.
County: New Haven
Public facts
Beds: 6
Baths: 3.0
Sq. Ft.: 2,146
Stories: 3.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 1965
County: New Haven County
APN: 1388477
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 3
Around this home
Schools
Duggan School
Public PreK-8 • Assigned • 0.2mi
4/10
John F. Kennedy High School
Public 9-12 • Assigned • 0.4mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Waterbury, CT • 06708
Average low and high temperatures (°F)
32
18
35
20
51
31
61
40
68
50
79
59
83
66
79
58
73
55
64
44
51
35
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$360,000 – $436,000
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