116 Old Foxon Rd, East Haven, CT 06513
- $899,000
- 7
- BD
- 6
- BA
- 3,364
- SqFt
- List Price
- $899,000
- Status
- ACTIVE
- MLS#
- 24155329
- Price Change
- ▼ $61,000 1778807546
- Year Built
- 1920
- Bedrooms
- 7
- Bathrooms
- 6
- Acres
- 0.34
- Living Area
- 3,364
- Neighborhood
- N/A
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.
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Additional Information
- Taxes
- $9,677
- Lot Size
- 14,810
- Heating
- Hot Air
- Cooling System Type
- None
- Water Source
- Public
- Basement
- Partial, Partial
- Parking Spaces
- 8
- Elementary School
- Per Board of Ed
- High School
- East Haven
Mortgage Calculator
Listing courtesy of Aharon Cowen from Roundtree Realty LLC. (747) 252-3955 (475) 227-4312
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