2842 Dixwell AveHamden, CT 06518

  • Other commercial real estate
  • 4,716 SF
For Sale
$1,050,000 View listing

Property Details for 2842 Dixwell Ave

Year built
1925
Construction
FRAME
Lot size
0.32 AC
Property size (Sq ft)
4,716 SF
Zone code
T4
Property type
Other commercial real estate
Property subtype
Showrooms
APN
HAMD M:2729 B:128 L:00-0000
APU
HAMDM2729B128L000000

Description

Exceptional investment opportunity: a fully occupied, 7-unit mixed-use property in Hamden, CT, offering a 9.94% cap rate and a substantial NOI of $104,400. This 6,258 square foot building, constructed in 1925, sits on a 0.32-acre lot and features two stories. The property boasts 100% occupancy across its diverse mix of residential and commercial units, ensuring a stable and reliable income stream. Conveniently located at 2842 Dixwell Ave, 06518, in New Haven County, this property benefits from high visibility and easy access to major transportation routes. The building is well-maintained and features handicap-accessible design, window displays, sidewalks, gutters, exterior lighting, and a door sign. The property is zoned T4 and includes approximately 1,000 parking spaces. This stabilized investment presents a rare opportunity to acquire a high-performing asset with significant upside potential in a thriving Connecticut market. The property's strong cash flow, coupled with its prime location and well-maintained condition, makes it an ideal addition to any portfolio. The APN is 1141639. This is a treed, sloping lot.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,146,153
    6.5%
    $1,057,987
    7%
    $982,417
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,552,805
    Geo Method
    $1,552,805
  • Alternative Use

    Use
    Valuation
    Residential
    $892,452
    Hospitality
    $817,481
    Educational
    $680,134
    Medical
    $703,525
    Retail
    $1,057,987
2842 Dixwell Ave, Hamden, Connecticut

Location Insight

City
Hamden
County
New Haven
State
Connecticut
Latitude
41.3843
Longitude
-72.9059
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,184
$122,570
$276,360
$398,930
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-
-
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