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Active
83 East Grand Avenue New Haven, CT 06513
14 Baths
10,394 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,394 sqft
Price per Sqft $247
MLS Listing ID 24161782
Full Baths 13
Half Baths 1
Year Built 1979
Annual Tax Amount $36,902
Lot Size 0.790 Acres
Property Description
Updated and well-maintained, fully rented, 13-unit multifamily portfolio located on East Grand Ave in New Haven's Fair Haven Heights neighborhood. The property consists of three buildings with a desirable unit mix including 1-bedroom townhome-style units, ADA-compliant 2-bedroom units, and larger 3 and 4 bedroom apartments. Units feature quality interior finishes such as tile flooring, wood kitchen cabinets, granite countertops, hardwood floors and well-maintained kitchens and baths. The asset benefits from historically low tenant turnover, reflecting strong tenant satisfaction and consistent rental demand. Strong in-place income with upside potential through future rent growth and possible unit expansion opportunities (buyer to perform due diligence). Conveniently located just minutes from I-91, I-95, downtown New Haven, Yale University, and major employment centers, with close proximity to public transportation, schools, shopping, dining, and local businesses within a high-demand rental market. 2,3,4 BR units have gas heat and central air. 1BR units are all approx same size and are all electric with no central AC. Year built per City are: 1979,1930,1870. Qualified buyers only. Please do not enter on to property or approach tenants. Also listed as multi MLS#: 24162101
Location
State CT
County New Haven
Zoning RM1
Interior
Heating Baseboard, Hot Air
Cooling Central Air, Window Unit
Flooring Ceramic Tile, Wall-to-Wall Carpet, Wood
Exterior
Exterior Feature Gutters, Lighting
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete, Slab
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Douglas Ledewitz • Pulse Realty LLC
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