Nest Seekers

Value add mixed use opportunity on Dixwell Avenue in Hamden.

863 Dixwell
Hamden, CT 06514

Listing

Web ID:5791259
Website:https://www.nestseekers.com/5791259

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 4
Area: 9020 sq ft

Financials

Price:$999,000
Annual Taxes:$16,327

Description

Value-add mixed-use opportunity on Dixwell Avenue in Hamden. 6 units consisting of 2 commercial spaces and 4 residential apartments consisting of 2- 1BRs and 2- 2BRs with off-street parking and separate utilities. The commercial spaces are currently occupied, while the residential rents remain well below what ownership believes the property can achieve, giving the next owner a real opportunity to grow income over time. 1BR is currently vacant, creating an immediate lease-up opportunity. Several recent mechanical updates include newer furnaces and HVAC components. Per owner, the property was renovated in 2008 to Hamden specifications and includes 90-minute fire-rated doors. Located within Hamden's Enterprise Zone with potential facade and other incentive programs available to qualifying owners/businesses. Great fit for an investor looking for multiple income streams, rent growth and long-term upside along one of Hamden's main commercial corridors. Buyer to verify incentive eligibility and financial information.

Amenities

  • Elementary School -
  • High School -
  • Intermediate School -
  • Public Restrooms
  • Sidewalk
  • Window Display

Contact

Greenwich, CT
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Phone: +1 203-204-9555
greenwich@nestseekers.com
Listing Courtesy of Vincenzo Valentino of Advise Realty Services
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