617 Elm Street, New Haven, Connecticut

$445,000

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5

Beds

3

Baths

3,002

Square feet

0.18

Acres

About 617 Elm Street

Exceptional investment opportunity in a prime location! This spacious multi-family property features two 2-bedroom units and one 1-bedroom unit, making it perfect for investors or owner-occupants. The charming exterior includes a large front porch and second-floor deck, while inside you'll find beautiful wood floors, a cozy fireplace, and generously sized rooms. The 3-stall garage adds extra income potential, with two bays currently rented and one available. Off-street parking and a shared driveway provide added convenience for tenants. Each unit has separate utilities, including gas heating and stoves, making management straightforward and efficient. Ideally located within walking distance to downtown, schools, parks, and medical facilities, and just one block from shopping, this property offers unbeatable rental appeal. Recent comparable sales include 85 Beers St. ($470,000) and 47 Dickerman St. ($551,000), highlighting the value in this thriving neighborhood. With a sale price of $445,000 this gives a range of equity from $25,000-$81,000! Don't miss out on this income-producing asset with potential for added value!"

Features of 617 Elm Street

MLS® # 24040338
Price $445,000
Bedrooms 5
Bathrooms 3.00
Full Baths 3
Square Footage 3,002
Acres 0.18
Year Built 1900
Type Multi-Family For Sale
Sub-Type 3 Family
Style Units on different Floors
Status Active

Community Information

Address 617 Elm Street
Area N/A
City New Haven
County New Haven
State Connecticut
Zip Code 06511

Amenities

Parking Detached Garage
# of Garages 3
Is Waterfront No
Waterfront Not Applicable
Has Pool No

Interior

Heating Hot Water, Radiator, Natural Gas
Cooling None
Fireplace No
Has Basement Yes
Basement Full, Unfinished

Exterior

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

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed August 18th, 2024
Days on Market 108
Zoning RM2
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway NE Prop.

Listing Map

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