100% occupied 3 unit asset (per assessor record) with tenant paid utilities. There are no arrears. The in-place Cap Rate is 7.6% & tenants are MTM. The asset is being utilized as 2 unit, with the second and third floor being rented by one tenant. Rents are: $1245 and $1395. Annual RR = $31,680. Security Deposits: $2020 and $1230. Units 1 and 2 are 901 SF with 2 beds and 1 bath & the 3rd floor is 631 SF w 1 bed and 1 bath. The property has a fenced-in backyard with a small patio. The asset is located in the Hill neighborhood where the majority of buildings for Yale-New Haven Hospital and Yale Medical School are. This is offered as an investment property, not owner occupied. Conventional or Cash Investors. IMPORTANT: AGENTS PLEASE READ AGENT TO AGENT REMARKS. Properties to be Sold As-Is, Where-Is. Inspections for Informational Purposes Only. FHA Buyers please have the Lender run the Self Sufficiency Test on the Rental Amounts to qualify property.
$265,000 • 2.50%
Make OfferLisa Cozzi, Berkshire Hathaway NE Prop.
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