Orange Street Rental Portfolio FOR SALE


New Haven, CT - Downtown New Haven
$3,150,000 USD
203-530-5558
, New Haven, CT for Sale
$3,150,000 USD
FOR SALE
1/22
null | 4.43% Cap Rate

Orange Street Rental Portfolio
New Haven, CT
Downtown New Haven


HIGHLIGHTS

  • Multi-family portfolio for sale in prime Yale rental market. 3 buildings, 12 units.
  • Walking distance to Yale University and SOM
  • .52 Acre development opportunity close to Downtown New Haven
  • Potential for additional rental income from parking spaces

OVERVIEW

Multi-family portfolio for sale. 3 buildings, 12 units. Excellent cash flow with upside potential. Walking distance to Yale University Press|Cuozzo Commercial Real Estate is pleased to present this unique opportunity to acquire 3 multi-family buildings in a prime Yale rental area. 451 & 455-459 Orange Street, New Haven, Two contiguous properties. Three income producing buildings. 451 Orange Street: Apartment House containing 5-1 BR units and 1-studio on, .18 acres with 50' frontage and a depth of 160', 3 story, wood frame structure contains 3,756 S.F., plus a full, unfinished basement. Ample parking. 455 - 459 Orange Street: Two Buildings, 1 Parcel Building 1 (455 Orange St.): A 3-story wood frame building, contains 3,991 S.F., plus a full basement with laundry area. The first floor consists of a 3/4 bedroom unit with 1.5 baths, the second and third floors consists of a 5-bedroom apartment with 2 baths. Oversized parking lot. Building 2 (459 Orange St.): A 3-story wood frame structure containing 3,222 SF, plus full basement. It contains three (3) residential units, 1-2BR, 1.5 Bath, 1-2BR, 1 Bath with study, and 1-2 BR, 1 Bath. The site contains .34 acres, with 100' frontage on Orange Street and 160' depth along Bradley Street. Oversized lot plus two car garage. These properties offer a huge amenity with excellent on-site parking and a 2-car garage. Off street parking is a luxury with each space contributing material value to the properties as a whole and potential for additional income, or development. Located at the intersection of Bradley & Orange Street.

ASK ABOUT THIS PROPERTY

Stephen Press, SIORPress/Cuozzo Commercial Realtors, Inc.More Info
203-530-5558

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Stephen Press, SIORPress/Cuozzo Commercial Realtors, Inc.More Info
203-530-5558

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