899,000

House for sale East Haven

Overview

SUMMARY: Discover an opportunity with this East Haven house for sale and available for 899,000. This could be your next ideal home or a smart investment. More details await.
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 and 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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Details

  • Beds: 7
  • Baths: 6
  • Price: 899,000
  • Reference No.: 96360217
  • Area: 3,364 sqft

Location

Marketed by:

  • Javyn Roundtree
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