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Welcome to this spacious two-family located on desirable Elm Street; just minutes from downtown New Haven, Yale University, Yale New Haven Hospital, UNH, SCSU, and so much more! This charming property offers classic architectural details, hardwood floors, and a flexible layout that makes it ideal for both investors and owner-occupants. The first-floor unit features two bedrooms and one full bath, a fireplaced living room, a kitchen and dining room and is currently tenant-occupied on a month-to-month basis, providing immediate rental income. The second and third floors are combined into a single oversized unit. The second floor includes two bedrooms, a full bath, a kitchen, a living room and dining room, hardwood flooring and access to a porch off the living room. The third floor offers an incredible BONUS of space adding three additional bedrooms, a full bath and living room, soaring ceilings, and a stunning Palladian window that fills the space with beautiful natural light - perfect for extended families, tenants, and home offices. Outside, you will find a large, fenced-in private yard ideal for entertaining, pets or gardening, along with off-street parking for two cars. This home is perfectly situated near the city's vibrant arts and restaurant scene. It's also close to public transportation, making it highly desirable for commuters and students alike. This is a rare opportunity to own a well-maintained multi-family property in a prime New Haven location. Whether you are looking to live in one unit and rent the other or expand your investment portfolio, this home offers strong income potential and long-term value. Don't miss your chance - schedule a showing today! This is an AS IS - WHERE IS sale. Please include the AS Is rider in all offers.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $428,720 | $428,720 | $428,720 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.132% | 5.396% |
| Monthly Tax Payment | $760 | $760 | $760 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,367 | $2,568 | $3,418 |
| Total Monthly Payment | $3,219 | $3,420 | $4,270 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.