83 Grand Avenue
New Haven, Connecticut

Description:

Updated and well-maintained, fully occupied 13-unit multifamily investment located on East Grand Avenue in New Haven's Fair Haven Heights neighborhood. The property consists of three buildings with a varied unit mix including nine 1-bedroom townhouse-style units, two ADA-compliant 2-bedroom units, and larger 3- and 4-bedroom apartments. Interiors feature a combination of tile and hardwood flooring, wood cabinetry, granite countertops, and well-maintained kitchens and baths. The property has historically experienced low tenant turnover and offers strong current in-place rental income with additional upside potential through future rent growth. Potential may also exist for additional unit or development opportunities, subject to applicable approvals and buyer due diligence. The 2-, 3- and 4-bedroom units have gas heat and central air. The 1-bedroom units are similar in size and all-electric. Convenient access to I-91, I-95, Downtown New Haven, Yale University, public transportation, shopping, dining and major employment centers. City records indicate building years of 1979, 1930 and 1870. Please do not enter the property or approach tenants. Also listed as MLS #24208278

Listing Courtesy of Pulse Realty LLC