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$955,000
Est. payment /mo
2 Baths
10,401 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,401 sqft
Price per Sqft $91
MLS Listing ID 24087141
Full Baths 2
Year Built 1915
Annual Tax Amount $19,447
Lot Size 8,276 Sqft
Property Description
Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units - fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space - fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 - tobacco shop uses the ground level - also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 11.5+% CAP & 22% ROI.
Location
State CT
County New Haven
Zoning CBD
Interior
Interior Features Window Display
Heating Hot Water
Cooling Ceiling Fans, Window Unit
Exterior
Exterior Feature Sidewalk, Roof Sign, Gutters, Lighting, Outside Storage Area
Parking Features On Street Parking, Off Street Parking, Driveway
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 3
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Amanda Faroni-Sheehan • Oxford Realty