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 |
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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 |
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Area | N/A |
City | New Haven |
County | New Haven |
State | Connecticut |
Zip Code | 06519 |
Amenities
Parking | None |
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Is Waterfront | No |
Waterfront | Not Applicable |
Has Pool | No |
Interior
Heating | Hot Air, Natural Gas, Oil |
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Cooling | None |
Fireplace | No |
Has Basement | Yes |
Basement | Full |
Exterior
Exterior | Vinyl Siding |
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Lot Description | Level Lot |
Roof | Asphalt Shingle, Gable |
Foundation | Concrete |
School Information
Elementary | Per Board of Ed |
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High | Per Board of Ed |
Additional Information
Date Listed | July 25th, 2024 |
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Days on Market | 205 |
Zoning | RM2 |
RE / Bank Owned | No |
Listing Details
Office | Berkshire Hathaway NE Prop. |
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