83 East Grand
New Haven, CT 06513

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 20 BR
Bathrooms: 16
Area: 6386 sq ft

Financials

Price:$2,495,000
Annual Taxes:$37,428
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Douglas Ledewitz of Pulse Realty LLC

Updated and well maintained, fully occupied 13 unit multifamily investment located on East Grand Avenue in New Haven's Fair Haven Heights neighborhood.

Description

Updated and well-maintained, fully occupied 13-unit multifamily investment located on East Grand Avenue in New Haven's Fair Haven Heights neighborhood. The property consists of three buildings with a varied unit mix including nine 1-bedroom townhouse-style units, two ADA-compliant 2-bedroom units, and larger 3- and 4-bedroom apartments. Interiors feature a combination of tile and hardwood flooring, wood cabinetry, granite countertops, and well-maintained kitchens and baths. The property has historically experienced low tenant turnover and offers strong current in-place rental income with additional upside potential through future rent growth. Potential may also exist for additional unit or development opportunities, subject to applicable approvals and buyer due diligence. The 2-, 3- and 4-bedroom units have gas heat and central air. The 1-bedroom units are similar in size and all-electric. Convenient access to I-91, I-95, Downtown New Haven, Yale University, public transportation, shopping, dining and major employment centers. City records indicate building years of 1979, 1930 and 1870. Please do not enter the property or approach tenants. Also listed as MLS #24208278

Amenities

  • Central Air
  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -
  • Lighting
  • Patio
  • Thermopane Windows
  • Window Unit

Neighborhood

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