143 Bradford Avenue
East Haven, Connecticut

Description:

8.36% CAP RATE... Rare opportunity to own a newer construction (2002) side-by-side townhouse-style two-family property located just across from Cosey Beach. This well-maintained investment features professional landscaping, a brand-new roof (less than one year old), city water, city sewer, natural gas heat, central air, and an attached one-car garage for each unit. Each unit offers 3 bedrooms, 1.5 baths, spacious living areas, and separate utilities, making this an ideal turnkey investment or owner-occupant opportunity. Current Lease Information: Unit A: Currently leased at $2,400/month through September 15, 2026. A new lease has already been signed from September 15, 2026 through September 14, 2028 at $2,900/month. Unit B: Leased at $2,900/month from July 1, 2026 through June 30, 2028. Income & Expenses (Stabilized): Gross Annual Rental Income: $69,600 Real Estate Taxes: $8,500 Insurance: $3,000 Maintenance: $500 Water & Sewer: $2,000 Landscaping: $1,250 Total Operating Expenses: $15,250 Net Operating Income (NOI): $54,350 List Price: $650,000 Cap Rate: 8.36% Excellent opportunity to acquire a fully leased, income-producing asset in one of East Haven's desirable shoreline neighborhoods with long-term lease stability already in place.

Listing Courtesy of Coldwell Banker Realty