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$ 2,400,000
Est. payment | /mo
7 Baths
22,374 SqFt
$ 2,400,000
Est. payment | /mo
7 Baths
22,374 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,374 sqft
Price per Sqft $107
MLS Listing ID 24087734
Full Baths 7
Year Built 1910
Annual Tax Amount $63,218
Lot Size 6,098 Sqft
Property Description
Underperforming asset with great upside. Large, corner mixed-use building with 35 total Units consisting of: (4) retail units and (31) apartments. 3/4 retail units are occupied by the supermarket (2 spaces) and smoke shop. The 31 apartments unit mix is (1) 2 beds, (9) 1 bed and 21 studios. Many rents are below market = with a lot of room to increase the income. The heat and hot water are gas and owner paid. The electric is separate, and tenant paid (but included in some of the program rents). 4-story elevator building. Roughly 60% of the units were renovated in the last 1-2 years. Security system installed. On-Street parking only and no yard = low/inexpensive exterior maintenance. Great opportunity for value add asset with good ARV.
Location
State CT
County New Haven
Zoning RM
Interior
Interior Features Security System, Window Display
Heating Radiant
Cooling Window Unit
Exterior
Exterior Feature Sidewalk, Roof Sign, Awnings, Lighting, Door Sign
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Level Lot
Story 4
Foundation Brick
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Amanda Faroni-Sheehan • Oxford Realty
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