314 Lenox Street
New Haven, Connecticut

Description:

Investor's Dream in Fair Haven Heights: Approved 3-Family Conversion with Water Views. Unlock incredible income potential with this updated two-family home, situated in New Haven's desirable Fair Haven Heights neighborhood. Already approved by the city for conversion to a three-family dwelling, this property comes with the permits and floor layouts in hand to transform the spacious third-level attic into a charming one-bedroom apartment making it a legal 3 family that are currently valued at $600k+ in the area. comparable 1-bedroom units in the area currently commanding rents around $1,700 per month, significant immediate ROI. Other two units have been remodeled within the last 1.5 years, and new windows were installed on Both floors. featuring modern upgrades. Each unit have quartz countertops, brand-new cabinetry, and gleaming stainless-steel appliances. Property is being SOLD AS IS and will require a NEW ROOF property has potential to convert the garage into an (additional dwelling unit) ADU for added income. however, the proper permits are required for this ADU in the garage.

Listing Courtesy of Berkshire Hathaway NE Prop.