206 Lamberton Street
New Haven, Connecticut

Description:

Outstanding opportunity to own a legal four-family property, with potential for a fifth unit, in New Haven - ideally positioned for investors and owner-occupants alike. This property provides strong rental income with three long-term tenants in place. The property includes one three-family building in front and a separate single-family building in the rear, both situated on the same lot - and it qualifies for FHA financing. The front three-family building offers two 2-bedroom apartments, with the second floor to be delivered vacant, plus a 1-bedroom unit on the third floor. There is also potential to add a fifth unit via the basement, which features front walk-out access. Natural gas heat, a large driveway for off-street parking, and a detached garage further add to the value this unique property offers. Conveniently located near bus lines, public transportation, parks, the library, medical facilities, and recreational amenities, with a level corner lot and city views. A turnkey addition to any portfolio with built-in upside.

Listing Courtesy of Align Realty LLC