For Sale
$1,150,000

367 Howard Ave New Haven, CT 06519

Six-unit renovated property, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a meticulously renovated six-unit multifamily property located at 367 Howard Ave, New Haven, CT 06519. The 6,576 square foot building, originally constructed in 1910 and completely refurbished in 2024, offers a blend of historic charm and modern amenities. Currently operating as a single-family rental portfolio, this property boasts a strong 8.72% cap rate and is priced at $1,150,000. The property is zoned RM2, providing versatile rental options. Its prime location in New Haven, close to Yale University and the vibrant Wooster Square neighborhood, ensures a consistent demand for rental units. The recent renovations ensure a high-quality product, attracting desirable tenants. The property's size and unit configuration cater to a diverse range of tenant needs, maximizing rental income potential. This Core+ investment presents a compelling opportunity for investors seeking a stable, high-yielding asset in a thriving Connecticut market. Owner financing may be available. The property's attractive curb appeal and well-maintained condition further enhance its investment value. This is a turnkey opportunity to acquire a profitable multifamily portfolio in a desirable location.

Highlights

  • Owner financing options available.
  • 6,576 square-foot building with six rental units.
  • 1910 construction, completely renovated in 2024.
  • RM2 zoning allows for flexible rental uses.
  • Excellent location in desirable New Haven.
  • Historic charm blended with modern updates.

Property Details for 367 Howard Ave

Property type
Residential income homes
Square Feet
6,576 SF
Class
C
Year Built/Renovated
1910/2024
Units
6

Location Insight

City
New Haven
County
New Haven
State
Connecticut
Latitude
41.2912189
Longitude
-72.93208

FAQs

What type of property is this?
Residential income home - Six-unit renovated property, high ROI.
Where is the residential income home located?
The property is located at 367 Howard Ave New Haven, CT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Owner financing options available.; 6,576 square-foot building with six rental units.; 1910 construction, completely renovated in 2024.
How can I contact the broker?
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367 Howard Ave
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