514 Winthrop AveNew Haven, CT 06511

This exceptional investment opportunity presents a four-unit multifamily property located at 514 Winthrop Avenue, New Haven, CT 06511, in the desirable Beaver Hills neighborhood. The property boasts a total of 4,620 square feet and sits on a lot with off-street parking. Built in 1920, this two-story building offers a compelling combination of classic charm and strong rental income. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $69,960, representing a 13.08% capitalization rate. The asking price is $535,000, or $133,750 per unit. The property's four units are individually attractive: Unit 1 (3 bedrooms, 1 bath) rents for $1750 with a lease expiring 8/31/23; Unit 2 (2 bedrooms, 1 bath) rents for $1100 on a month-to-month lease; Unit 3 (2 bedrooms, 1 bath) rents for $1750 with a lease expiring 8/31/23; and Unit 4 (2 bedrooms, 1 bath) rents for $1230 on a month-to-month lease with a long-term tenant (7 years). All utilities are paid by tenants. The property's location offers proximity to Hamilton Park, the Connecticut Open tournament, and the West River, enhancing its appeal to renters. This presents a rare chance to acquire a well-maintained, high-performing multifamily asset in a thriving New Haven neighborhood. The strong cash flow and attractive cap rate make this an ideal investment for both seasoned and aspiring investors.