$4,200,000 ($507.92 per sqft)

Coming Soon

Est. Mortgage $20,962/mo *

Quick Pre-Approval

550 Whitney Avenue, New Haven, (East Rock), CT, 06511

550 Whitney Avenue, New Haven, (East Rock), CT, 06511

16 rooms

9 beds

16 Full baths

1960

Other

8,269 sqft

550 Whitney Avenue is a 16-unit multifamily property located in the sought-after East Rock neighborhood of New Haven, CT. The property features 9 one-bedroom units and 7 studios. 2 of the studios are located on the top-floor with private roof decks. The property features off-street parking and a common laundry room. The property features strong value-add potentials. Renovations may significantly boost net income, energy efficiency, and property performance. The property already boasts brick exterior and private parking spaces. The property has great access to Yale campus, including the School of Management, Physics and Computer Science Department, as well as the planned Yale Science Building on Whitney and Edwards. Construction on the state-of-the-art Yale Science Building is already underway, presenting a potential boon for area multifamily properties, as demand for housing may grow with the campus expansion, and such expansion's potential impact on job growth. Its prime location boasts easy access to East Rock's vibrant boutique cafes and restaurants, as well as easy transport to nearby neighborhoods and towns. Tenants responsible for electricity. Ownership responsible for oil heating, water, and sewage.


Status:

Coming Soon

Town:

New Haven

Type:

Multi-family

Laundry Remarks:

Coin Op Laundry,Common Laundry Area

Units:

16

Zoning:

RH1

Heating:

Hot Water

Cooling:

None

Basement:

Partial

Acreage:

0.55

Est. Taxes:

$55,735

Assessment

$1,447,670

Lot Description:

N/A

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

MLS #:

24067840


Community Info

School Info

Walk Score

Mass Transit

Yelp


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Listing courtesy of Y. George Lee, Farnam Realty Group Email: george@farnamgroup.com