617 Elm Street , New Haven, CT 06511
New Haven, CT 06511
Description
Exceptional investment opportunity in a prime location! This spacious multi-family property features two 2-bedroom units and one 1-bedroom unit, making it perfect for investors or owner-occupants. The charming exterior includes a large front porch and second-floor deck, while inside you'll find beautiful wood floors, a cozy fireplace, and generously sized rooms. The 3-stall garage adds extra income potential, with two bays currently rented and one available. Off-street parking and a shared driveway provide added convenience for tenants. Each unit has separate utilities, including gas heating and stoves, making management straightforward and efficient. Ideally located within walking distance to downtown, schools, parks, and medical facilities, and just one block from shopping, this property offers unbeatable rental appeal. Recent comparable sales include 85 Beers St. ($470,000) and 47 Dickerman St. ($551,000), highlighting the value in this thriving neighborhood. With a sale price of $445,000 this gives a range of equity from $25,000-$81,000! Don't miss out on this income-producing asset with potential for added value!"
Details
| Mls | 24040338 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Status | Active |
| Year | 1900 |
| Days On Site | 112 |
| Listing Provided By | Berkshire Hathaway NE Prop. | Lisa Cozzi |
Features
| Beds | 5 |
|---|---|
| Baths | 3 Total |
| Sq Feet | 3,002 |
| Garage | 3 |
| Basement | Y |
| Units | 3 |
| Zoning | RM2 |
| Acreage | 0.18 |
| Water Front | Yes |
Market Activity 06511
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06511 |
| Area | New Haven |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| Listing VS Median (in 06511) | |
Price: $440,000 low | high Med: $230,000 SqFt: 3,002 low | high Med: 934 $ / SqFt: $147 low | high Med: $253 On Site: 112 low | high Med: 76.000000 | |