91 Spring Street, New Haven, Connecticut

$370,000

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7

Beds

3

Baths

2,530

Square feet

0.05

Acres

About 91 Spring Street

This 3-unit multifamily investment presents a strategic opportunity for investors looking to unlock significant value. With two 2-bedroom units and one 3-bedroom unit, and tenant-paid utilities, the property offers immediate potential for equity growth. Two vacant units provide a chance for targeted renovations, allowing investors to enhance the property and bring rents to market levels. Recent closed comparables, such as 64 Spring St at $425k, 18 Dewitt St at $485k, and 246 Columbus Ave at $510k, indicate a $46k-$131k value gap, making this asset an attractive investment with substantial upside.

Features of 91 Spring Street

MLS® # 24034994
Price $370,000
Bedrooms 7
Bathrooms 3.00
Full Baths 3
Square Footage 2,530
Acres 0.05
Year Built 1900
Type Multi-Family For Sale
Sub-Type 3 Family
Style Units on different Floors
Status Active

Community Information

Address 91 Spring Street
Area N/A
City New Haven
County New Haven
State Connecticut
Zip Code 06519

Amenities

Parking None
Is Waterfront No
Waterfront Not Applicable
Has Pool No

Interior

Heating Hot Air, Natural Gas, Oil
Cooling None
Fireplace No
Has Basement Yes
Basement Full

Exterior

Exterior Vinyl Siding
Lot Description Level Lot
Roof Asphalt Shingle, Gable
Foundation Concrete

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed July 25th, 2024
Days on Market 205
Zoning RM2
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway NE Prop.

Listing Map

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