Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units - fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space - fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 - tobacco shop uses the ground level - also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 11.5+% CAP & 22% ROI.
|
DAYS ON MARKET
|
9
|
LAST UPDATED
|
4/9/2025
|
|
YEAR BUILT
|
1915
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
New Haven
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Water Heater |
| BASEMENT |
None |
| CONSTRUCTION |
Frame, Vinyl Siding |
| GARAGE |
Yes |
| HEAT |
Hot Water, Natural Gas |
| LOT |
8276 sq ft |
| LOT DESCRIPTION |
Level |
| PARKING |
Off Street, On Street, Private, Driveway |
| SEWER |
Public Sewer |
| STYLE |
Units are Side-by-Side, Units on different Floors |
| TAXES |
19447 |
| WATER |
Public |
| ZONING |
CBD |
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Listing courtesy of Oxford Realty
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