88 Cove St - Apartments FOR SALE


New Haven, CT 06512- East Shore
$1,950,000 USD
203-804-0058
88 Cove St, New Haven, CT for Sale
$1,950,000 USD
Apartments - FOR SALE
1/36
null | 6.26% Cap Rate

88 Cove St
New Haven, CT 06512
East Shore


HIGHLIGHTS

  • Direct Waterfront
  • Local attractions for short term and vacation rental
  • 4 car garage for additional income
  • Owner Financing Available

OVERVIEW

Welcome to 86-88 Cove Street, a rare direct waterfront four-unit building in New Haven's Cove neighborhood overlooking the seawall and Long Island Sound. This well positioned property offers a unique opportunity for both investors and owner-occupants seeking a strong income-producing asset and may be best served as a short term rental due to it's proximity to event spaces and downtown New Haven. Units feature beautiful hardwood floors, forced hot air with central air conditioning for year-round comfort, and private balconies overlooking the water and fireplaces. Bathrooms in the units have all been remodeled. 88A and 86A units have been remodeled. The building also includes a four-car garage, providing valuable parking and storage space. With its combination of location, character, and water frontage, this property is a standout multi-family offering on the market today. Seller financing available 10% down at 5% IO.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

4

PRICE/UNIT

$487,500

CAP RATE

6.26%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

86-88 Cove St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1998

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RS2

APN/PARCEL ID

NHVN-000035-000865-001401

ASK ABOUT THIS PROPERTY

David CandeloraRE/MAX ShowcaseMore Info
203-804-0058

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David CandeloraRE/MAX ShowcaseMore Info
203-804-0058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.