367 Howard AveNew Haven, CT 06519

Property Details for 367 Howard Ave

Year built

1910

Property size (Sq ft)

6,576 SF

Property type

Residential income homes

Description

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.

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.2912

Longitude

-72.9321

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