multifamily
3,364 SF 5 Family+
116 Old Foxon Road
East Haven, Connecticut 06513
Price
$899,000
Price/SF
$267.24/SF
Building Size
3,364 SF
Lot Size
0.34 acres
Year Built
1920
Units
6
Property Description
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.
Additional Details
Zoning
R-2
MLS Number
24155329
Property ID
2c444dba-82f7-4eca-9dce-7f015fdcdc0e
MLS Information
MLS#: 24155329
Listed by: Roundtree Realty LLC
Agent: Aharon Cowen • (747) 252-3955 • aharon@roundtreerealty.net
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.
Interested?
Contact us to learn more about this property and schedule a showing.
Request InformationSchedule Showing