2842 Dixwell AveHamden, CT 06518
- Other commercial real estate
- 4,716 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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