LOCATION! LOCATION! LOCATION! 764 and 776 Quinnipiac Avenue, two adjacent multi-family opportunities with 4 and 3 units , respectively (1 2BR;2BA and 6 3BR;2.5BA). Beautifully located on the Quinnipiac River with unparalleled views, 764 and 776 Quinnipiac Avenue are situated in the northeastern corner of New Haven and within the Quinnipiac Meadows neighborhood, a lush suburban neighborhood within close driving distance of downtown New Haven. Considered a hidden gem within the city of New Haven, the surrounding area of Quinnipiac Avenue is experiencing an influx of attention and development, further adding to the value-add within the neighborhood. The units are unique, multi- story, 1770 historic and revitalized property, with extraordinary water views from everywhere and direct water access to private dock for boating, fishing and water recreation. The units contain high ceilings with lots of light and are all in great condition with each property including private garages, private walkways and sidewalks with water views of the Quinnipiac River. With current financials of the units performing at or above a 6.6% Cap Rate, and an increase to a 7.0% Cap Rate over the next 6 months, these multi-family properties are a great opportunity for investors looking to advance their New Haven portfolio. 764 and 776 Quinnipiac can be sold separately or together. Please see MLS Listing 170527507 for 764 Quinnipiac.
$1,325,000 • 100.00%
Make OfferRichard P Ballou, Houlihan Lawrence WD
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.