2842 Dixwell AveHamden, CT 06518

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

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.

• 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

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

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