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Unlock the Untapped Potential at 48 Fulton Street Attention investors, visionaries, and savvy owner-occupants! Welcome to the ultimate "blank canvas" opportunity in New Haven's 06513 zip code. 48 Fulton Street is a classic two-family home brimming with architectural promise and waiting for a total transformation to reach its full, lucrative potential. This property is a renovator's dream, offering a versatile layout that is ripe for a high-end overhaul. A standout feature is the second-floor unit, which includes a finished attic with two additional bedrooms-offering the scale and flexibility needed to command premium rents or provide a spacious, modern multi-generational living arrangement. Whether you're looking to flip for a profit or build a long-term rental engine, the "after" picture here is one of significant equity and high demand. The home currently features a split utility setup (First floor: Oil; Second floor: Gas), providing a clear path for a streamlined mechanical upgrade during the renovation process. Situated in a neighborhood that continues to see steady interest and revitalization, you are perfectly positioned near the scenic Quinnipiac River, local parks, and the academic and medical hubs of Downtown New Haven. Bring your contractor and your creativity-the rewards for those who see the vision will be substantial. Schedule your private walkthrough today and prepare to reap the benefits of this New Haven diamond in the rough!
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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 |
|
|---|---|---|---|
| Loan Amount | $308,000 | $308,000 | $308,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $553 | $553 | $553 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,845 | $1,945 | $2,537 |
| Total Monthly Payment | $2,473 | $2,573 | $3,165 |
* 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.