116 Old Foxon Road

East Haven CT 06513

3364 sq. ft.

0.34 ac.

Multi-Family

Currently for sale - view listing

Overview

A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1,300, Unit 2-$1,550, Unit 3-$1,300, Unit 6-$1,375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5,525/mo with pro-forma potential up to ~$8,925/mo (market rent: Unit 4-$1,550 and Unit 5-$1,850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.

Features

7 bedrooms

6 bathrooms

8 carspaces

3364 sq. ft. floor area

0.34 ac. lot size

Multi-Family

Property history for 116 Old Foxon Road

2021

Sold

$450,000

22 Jan 2021

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Local market activity for 7 bedroom multi families in East Haven

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Aharon Cowen

at Javyn Roundtree

View listing

Sales:: (619) 566-0008

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