75 Clifton Street
West Haven, Connecticut

Description:

Investors & Owner Occupants Take Notice. Currently operating at a 10.9 CAP. Turnkey 6 bedroom rooming house for sale. Walking distance to University of New Haven campus. City utilities, natural gas heat & hot water. CAIR. Leased coin operated washer/ dryer. Attached garage. Newer roof. Floor 1 Room 1: 1 person = $800 Room 2: 2 person $380+ $390 = $ 770 Room 3: 3 person $3803= $1140 Floor 2 Room 1: single 1 person = $650 Room 2: double (now 1 person = $380) Room 3 double = $800 Total rented income current =$4,540 If all full $4900 * 12 months = $58,800 Expenses: Internet : $100 Electricity : $250 - $320 Water: 3 months : $150 Gas $150 - $350 (summer and winter) Monthly expenses: $650 * 12 months = $7,800 CAP: $58,800 - $7,800 = $51,000 / $470,000 = 10.9CAP

Listing Courtesy of Charles Kroopneck Real Estate