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Buy a multi-family propertyat 40 Blake Street, New Haven, CT 06511

$525,000

$575,000 (-8.7%)

$0/mo

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Multifamily

4,110 Sq. Ft.

10,018 Sq. Ft. lot

8 Bedrooms

4 Bathrooms

337 Days on market

170576025 MLS ID

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About 40 Blake Street multi-family property

An amazing opportunity in the Beaver Hills neighborhood of New Haven: this is perfect for an owner occupier or investor! 8+% CAP! This location is home to: Hamilton Park, the Connecticut Open Tournament, and the beautiful West River. This 4-unit asset is 4110 SF & has tenant paid utilities. Unit 1 has 2 bedrooms/ 1 bathroom rented for $1295 that is M2M. Unit 2 has 2 bedrooms/1 bathroom and is ready for occupancy. Unit 3 is 2 bedrooms/ 1 bathroom rented for $1275 with a lease expiration of 11/30/23. Unit 4 has 2 bedrooms/ 1 bathroom rented for $1030 to a long-term tenant of 7 years that is currently M2M. The asset features off street parking. The asset features: newer vinyl siding, windows and porches. The range is natural gas, electrical is updated and there are 2 sides to the basement for the mechanicals. This asset can be purchased with 2 other 4 unit assets on Blake. AGENTS PLEASE READ AGENT to AGENT REMARKS!
An amazing opportunity in the Beaver Hills neighborhood of New Haven: this is perfect for an owner occupier or investor! 8+% CAP! This location is home to: Hamilton Park, the Connecticut Open Tournament, and the beautiful West River. This 4-unit asset is 4110 SF & has tenant paid utilities. Unit 1 has 2 bedrooms/ 1 bathroom rented for $1295 that is M2M. Unit 2 has 2 bedrooms/1 bathroom and is ready for occupancy. Unit 3 is 2 bedrooms/ 1 bathroom rented for $1275 with a lease expiration of 11/30/23. Unit 4 has 2 bedrooms/ 1 bathroom rented for $1030 to a long-term tenant of 7 years that is currently M2M. The asset features off street parking. The asset features: newer vinyl siding, windows and porches. The range is natural gas, electrical is updated and there are 2 sides to the basement for the mechanicals. This asset can be purchased with 2 other 4 unit assets on Blake. AGENTS PLEASE READ AGENT to AGENT REMARKS!

Property details

Attic Information

Yes

Basement

Full

Bathrooms

4 full bathrooms

4 total bathrooms

Bedrooms

8 bedrooms

House

New Construction Type: No/Resale

Built in 1900

Community

Medical Facilities

Park

Public Transportation

Shopping/Mall

Walk to Bus Lines

Cooling

None

Expenses

Gross Annual Expense: 13639

Exterior Features

Gutters

Lighting

Porch

Sidewalk

Vinyl Siding

Foundation

Concrete

Heating

Natural Gas

Oil

Hot Air

Income

Gross Annual Income: 60600

Net Operating Income: 43932

Location

Neighborhood: N/A

Lot

0 acres

Level Lot

Possession

Possession Availability: Negotiable

Property

4110 heated sqft above grade

4110 total sqft

4 units

Not Applicable

Roof

Asphalt Shingle

Schools

Elementary School: Per Board of Ed

High School: Per Board of Ed

Sewer

Public Sewer Connected

Public Sewer In Street

Utilities

Fuel Tank Location: Non Applicable

Hot Water: Natural Gas,Oil

Monthly cost

Estimated monthly cost

$3,949/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$493,500

+$15,750

$509,250

Seller agent commission$15,750 (3%)*

$0 (0%)

Buyer agent commission$15,750 (3%)*

$15,750 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $15,750 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 10, 2024 at 8:14 p.m.

Data updated: Jul 14, 2023 at 11:47 a.m.

Courtesy of Lisa Cozzi, Berkshire Hathaway NE Prop..
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Listing Information © 2024 SmartMLS, Inc. All Rights Reserved.

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