Exceptional investment opportunity in a prime location! This spacious multi-family property features two 2-bedroom units and one 1-bedroom unit, making it perfect for investors or owner-occupants. The charming exterior includes a large front porch and second-floor deck, while inside you’ll find beautiful wood floors, a cozy fireplace, and generously sized rooms. The 3-stall garage adds extra income potential, with two bays currently rented and one available. Off-street parking and a shared driveway provide added convenience for tenants. Each unit has separate utilities, including gas heating and stoves, making management straightforward and efficient. Ideally located within walking distance to downtown, schools, parks, and medical facilities, and just one block from shopping, this property offers unbeatable rental appeal. Recent comparable sales include 85 Beers St. ($470,000) and 47 Dickerman St. ($551,000), highlighting the value in this thriving neighborhood. With a sale price of $445,000 this gives a range of equity from $25,000-$81,000! Don’t miss out on this income-producing asset with potential for added value!"
Listing courtesy of Lisa Cozzi at Berkshire Hathaway NE Prop.Property Details
Price:
$439,000
MLS #:
24040338
Status:
Active
Beds:
5
Baths:
3
Address:
617 Elm
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
na
City:
New Haven
Listed Date:
Aug 16, 2024
State:
CT
Finished Sq Ft:
3,002
ZIP:
06511
Lot Size:
7,840 sqft / 0.18 acres (approx)
Year Built:
1900
See this Listing
Tom Vanacore is a real estate professional who takes his business extremely seriously. His results speak for themselves, as he has a proven action-oriented plan to get your home sold quickly and for the best price possible.
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Schools
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Interior
Exterior
Financial
Map
Community
- Address617 Elm New Haven CT
- AreaN/A
- CityNew Haven
- CountyNew Haven
- Zip Code06511
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617 Elm
New Haven, CT
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