Investing in multi unit residential properties indeed presents a unique opportunity for portfolio diversification and wealth generation.


Property

Website:https://www.nestseekers.com/3519464
Address:
377 Peck
New Haven, CT 06513
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 5 BR
Bathrooms: 3
Pets: Pets Unknown
Area: 2128 sq ft

Financials

Price: $440,000
Annual Taxes: $5,823

Description

Investing in multi-unit residential properties indeed presents a unique opportunity for portfolio diversification and wealth generation. The immediate cash flow from rental income provides a steady stream of revenue, which can be particularly attractive during periods of market volatility. Additionally, the potential for asset appreciation over time can result in significant capital gains. The varying unit sizes in a two-unit building allow for flexibility in tenant demographics, which can lead to lower vacancy rates and a broader appeal in the rental market. Strategic updates and regular maintenance not only preserve but can enhance the property's value, making it an attractive proposition for both current income and future resale. It's a tangible asset that, with proper management, can yield substantial returns while providing housing solutions-a fundamental need in any community.

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School - Per Board of Ed

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Courtesy of James Montanaro of Coldwell Banker Realty

377 Peck New Haven CT 06513 USA