22 Clay Street
New Haven, Connecticut

Description:

Investors-bring your checkbook! This income-producing 3-family property checks all the boxes. Featuring updated layouts, a private driveway, and two garages-including an oversized detached 2-car garage with additional income potential-this is a turnkey opportunity in a high-demand location. Situated just over the bridge in Fair Haven, the property offers convenience and strong rental appeal. Recent improvements include a newer roof and updated hot water heaters, helping reduce immediate capital expenses. Energy efficiency is a major bonus, with solar panels in place to help offset operating costs. The system can be transferred to the new owner, providing long-term savings-especially valuable as the current owner pays electricity for the 1st and 2nd floor units. All three units are currently occupied with month-to-month tenants, generating $4,150/month in rental income, with clear upside to increase to market rents. Additional income can also be realized through garage rentals. Property to be sold as-is. Opportunity for private lending available.

Listing Courtesy of Great Estates, CT