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    942 State Street

    New Haven, CT 06511
    • $685,995
    • STATUS: Active
    • ON SITE: 105 days
    • MLS #: 170290847
    UPDATED: 55 min ago
    $685,995
    • 7
      BEDS
    • 0.09
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    • 4,273
      SQFT
    • $161
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    Great investment opportunity in an amazing location. Multi-family + commercial unit. Property is fully rented and generating strong income with future years even more profitable with a cap rate north of 7.6%+. The property consists of a stable commercial unit on the first floor occupied by a laundry mat committed to a 5-year lease with annual increases in rent. There are also 3 residential units ranging from a spacious 3-bedroom unit to a chic 1-bedroom carriage house that embodies the life of downtown living, inclusive of your very own enclosed outdoor patio, skylights, and a rare private driveway. Nestled in the heart of East Rock, this property is in an ideal location; walking distance to downtown, award-winning restaurants, Yale University, the train station, major highways, and much more. With over $75,000 in recent renovations and all units fully rented, this property easily pays for itself and will generate strong income for years to come.

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    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kendall Group Real Estate | Keller Williams. Data last updated: 2020-08-12T11:10:28.697.
    www.kendallgrouprealestate.com/homes/105374190
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    942 State Street New Haven, CT 06511

    • Price: $685,995
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 170290847
    7
    Beds
    3
    Baths
    1
    ½ Baths
    0.09
    Acres
    4,273
    SQFT
    $161
    $/SQFT
    1900
    Built
    Neighborhood:
    East Rock
    County:
    New Haven
    Area:
    New Haven
    Elementary School:
    per board of ed
    High School:
    per board of ed
    Property Description
    Great investment opportunity in an amazing location. Multi-family + commercial unit. Property is fully rented and generating strong income with future years even more profitable with a cap rate north of 7.6%+. The property consists of a stable commercial unit on the first floor occupied by a laundry mat committed to a 5-year lease with annual increases in rent. There are also 3 residential units ranging from a spacious 3-bedroom unit to a chic 1-bedroom carriage house that embodies the life of downtown living, inclusive of your very own enclosed outdoor patio, skylights, and a rare private driveway. Nestled in the heart of East Rock, this property is in an ideal location; walking distance to downtown, award-winning restaurants, Yale University, the train station, major highways, and much more. With over $75,000 in recent renovations and all units fully rented, this property easily pays for itself and will generate strong income for years to come.
    Exterior Features

    Color Brick Construction Description BrickConcrete Driveway Type PrivateCrushed Stone Exterior Features AwningsPatioSidewalk Exterior Siding Brick Foundation Type ConcreteMasonry Lot Description Level Lot Roof Information FlatOther Style Units On Different Floors Waterfront Description Not Applicable

    Interior Features

    Attic Yn No Basement Description Unfinished Cooling System Ceiling Fans Heat Type Hot Water Hot Water Description Natural Gas

    Property Features

    Bank Owned Property Yn No Direct Waterfront Yn No Flood Zone Yn No Fuel Tank Location Non Applicable Garage Parking Info DrivewayOn Street ParkingOff Street Parking Heat Fuel Type Natural GasOil Hoa Yn No Nearby Amenities Commuter BusGolf CourseHealth ClubMedical FacilitiesParkPrivate School(S)Public TransportationShopping/Mall New Construction Type No Possession Availability Negotiable Potential Short Sale Yn Undeclared Property Sub Type 3 Family Property Tax 14074 Sewage System Public Sewer Connected Sign Yn No Swimming Pool Yn No Water Source Public Water Connected Zoning Ba

    Listing information © 2020 Smart MLS
    Listing provided courtesy of Steve Gentile of Bhgre Gaetano Marra Homes.


    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kendall Group Real Estate | Keller Williams. Data last updated: 2020-08-12T11:10:28.697.
     
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