120 Emerson StNew Haven, CT 06515
- Residential income homes
- 1,821 SF
Property Details for 120 Emerson St
- Year built
- 1915
- Property size (Sq ft)
- 1,821 SF
- Property type
- Residential income homes
Description
Exceptional investment opportunity in New Haven's desirable Amity neighborhood. This multifamily property, located at 120 Emerson Street, consists of a single, well-maintained two-story building constructed in 1915, offering 1,821 square feet of living space. The property boasts five bedrooms and two bathrooms, currently rented for $2,400 per month, resulting in a 100% occupancy rate and a net operating income (NOI) of $18,569. Tenant-paid utilities further enhance the property's profitability. The asking price is $350,000, translating to a price per square foot of $192.20 and a compelling 5.31% capitalization rate. The property is currently month-to-month, with no outstanding arrears. Convenient off-street parking is available. This asset is ideally situated near Edgewood Park, the Yale Golf Course, and local businesses, making it an attractive option for tenants. This is a turnkey investment ready for immediate income generation.
Location Insight
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Latitude
- 41.3305
- Longitude
- -72.9641
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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