4 Button Street
New Haven Connecticut

Description:

This spacious 3-family propertys provides significant upside potential, located just off Lamberton and a short walk from Ella T. Grasso Boulevard. 2/3 units are already occupied with long-term tenants, both paying below-market rents. All units are a whopping 3-bedrooms. Current market rents for similar units in the area exceeding $2,000/month!! With ample off-street parking, separate utilities for each unit, and rear balconies with independent entrances, this property is primed for a strategic investor looking to capitalize on New Haven's growing rental market. With some TLC, the first-floor unit is ready for a new tenant-- that coupled with increasing rents in occupied units gives you a quick path to the incredible proforma cap of 13+%! Whether you're an investor looking to reposition the asset or considering it as a live-in investment, this property is being sold "as-is, where-is," -- Updated properties in the area have sold for over $480k!

Listing Courtesy of Berkshire Hathaway NE Prop.