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$ 600,000
Est. payment /mo
Price Dropped by $15K
225 Winthrop Avenue New Haven, CT 06511
9 Beds
3 Baths
3,886 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,886 sqft
Price per Sqft $154
MLS Listing ID 24170022
Style Units on different Floors
Bedrooms 9
Full Baths 3
Year Built 1918
Annual Tax Amount $8,638
Lot Size 5,662 Sqft
Property Sub-Type 3 Family
Property Description
VC Property Group is proud to present 225 Winthrop Avenue located in the Dwight neighborhood of New Haven, CT. This property is fully occupied and generates $50,400 in current gross income, providing an in-place NOI of $26,901. Rent increases to $2,000 per (3) bedroom unit will boost performance marking a 7.38% CAP rate proforma. At a 75% LTV entry, these assets facilitate a 1.06 DSCR. 80% LTV options are available for qualified borrowers. This property features all (3) bedroom units, tenant-paid utilities, public water/sewer, in unit washer/dryer hookups, and a low operating expense profile. This is a stabilized asset providing strong upside with lease up to market rents.
Location
State CT
County New Haven
Zoning RM2
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Connor Wenchell • VC Property Group, LLC