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.
|
DAYS ON MARKET
|
2
|
LAST UPDATED
|
4/11/2025
|
|
YEAR BUILT
|
1910
|
COUNTY
|
New Haven
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Brick |
| HEAT |
Natural Gas, Radiant |
| LOT |
6098 sq ft |
| LOT DESCRIPTION |
Corner Lot, Level |
| SEWER |
Public Sewer |
| STORIES |
4 |
| TAXES |
63218 |
| WATER |
Public |
| ZONING |
RM |
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Listing courtesy of Oxford Realty
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