621 Elm StNew Haven, CT 06511

Property Details for 621 Elm St

Year built

1900

Property size (Sq ft)

3,320 SF

Property type

Residential income homes

Description

Exceptional investment opportunity in New Haven, Connecticut's desirable Dwight neighborhood, this three-unit multifamily property at 621 Elm Street offers a compelling blend of location, income potential, and value. The property boasts a total of 3,320 square feet, spread across three stories in a single building constructed in 1900. Each unit features two bedrooms and one bathroom, offering comfortable living spaces for tenants. Currently, one unit commands a monthly rent of $1,100, with a month-to-month lease in place. The remaining two units are vacant and ready for immediate occupancy, presenting an immediate opportunity to increase rental income. Tenant-paid utilities further enhance the property's profitability. The property is free of any rental arrears, providing peace of mind for the new owner. Convenient off-street parking is also available. Situated within the Dwight Street Historic District, close to Pierson College and numerous local shops, this property benefits from a highly desirable location. This asset is priced at $465,000, representing a price per unit of $155,000 and a price per square foot of $140.06. This property is ideal for both owner-occupants seeking a rental income stream and investors looking for a strong return on investment in a thriving New Haven neighborhood.

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.315

Longitude

-72.9418

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].