Listing courtesy of Aharon Cowen (747) 252-3955, Javyn Roundtree (475) 227-4312
116 Old Foxon Road, East Haven, CT, 06513
25 rooms
7 beds
6 Full baths
1920
Units on different Floors, Units are Side-by-Side
3,364 sqft
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.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Common Laundry Area
Units:
6
Zoning:
R-2
Garage:
Parking Lot, Driveway
Heating:
Hot Air
Cooling:
None
Basement:
Partial, Partially Finished
Parking:
8-car
Acreage:
0.34
Est. Taxes:
$9,677
Assessment
$289,380
Lot Description:
Level Lot,Sloping Lot
Elementary School:
Per Board of Ed
High School:
East Haven
Days on Market:
24
MLS #:
24155329
Community Info
School Info
Walk Score
Mass Transit
Yelp
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