For Sale
$550,000

21 Young StNew Haven, CT 06511

Prime New Haven rental, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in New Haven, Connecticut's desirable Beaver Hills neighborhood, presenting a 2-story, 1-unit multifamily property at 21 Young Street, 06511. This 2,592 square foot building, constructed in 1900, offers a compelling blend of classic charm and modern rental potential. Currently configured as a single-family rental, the property boasts off-street parking. The asking price is $550,000, translating to $212.19 per square foot. The property's location provides easy access to Hamilton Park, the Connecticut Open tournament, and the scenic West River. One unit is currently vacant and ready for immediate occupancy, while others command monthly rents ranging from $940 to $1191, with one lease expiring May 31, 2024. Tenant-paid utilities further enhance the property's financial appeal. This property is ideal for owner-occupants or investors seeking a stable, cash-flowing asset in a vibrant urban setting. The property's strong rental history and convenient location make it a highly attractive investment prospect. This is a rare opportunity to acquire a well-maintained property in a sought-after neighborhood.

Highlights

  • Exceptional investment opportunity: 2-story, 1-unit multifamily in desirable New Haven's Beaver Hills neighborhood.
  • 2,592 sq ft building, built in 1900, offers classic charm and modern rental potential.
  • Asking price: $550,000 ($212.19/sq ft); off-street parking.
  • One vacant unit; other units rent for $940-$1191/month (one lease expires 5/31/24); tenant-paid utilities.
  • Prime location near Hamilton Park, Connecticut Open, and West River; ideal for owner-occupants or investors.

Property Details for 21 Young St

Property type
Residential income homes
Square Feet
2,592 SF
Year Built
1900
Buildings
1
Stories
2
Units
1

Location Insight

City
New Haven
County
New Haven
State
Connecticut
Latitude
41.322154540359
Longitude
-72.9517099049
21 Young St, New Haven, Connecticut

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21 Young St
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