48 Kensington Street, New Haven, Connecticut

$599,900

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7

Beds

4

Baths

3,404

Square feet

0.27

Acres

About 48 Kensington Street

Seize this exceptional investment opportunity in New Haven with a fully occupied 4-unit property strategically located just minutes from downtown, Yale University, major hospitals, highways, and professional medical offices. This property's proximity to Yale New Haven Hospital's St. Raphael campus and its location in an emerging market make it a prime choice for investors seeking steady returns and future appreciation. With stable, long-term tenants, most residing for over 10 years, this property offers a proven track record of consistent rental income. Tenants enjoy the convenience of being steps from major bus lines and the added benefit of off-street parking at the back of the building, a rare and valuable amenity in this area. The property is designed for efficiency and profitability, with separate gas and electric meters for each unit. Recent updates include a fully remodeled first-floor front unit with fresh paint, refinished hardwood floors, new vinyl plank flooring in the kitchen and bathroom, a new refrigerator, range, and private in-unit washer/dryer connections. Additional improvements include two new living room windows and a new water heater. Take advantage of ongoing infrastructure changes and increased demand in this thriving area. With its unbeatable location and strong potential for long-term appreciation and rent growth, 48 Kensington St is the perfect addition to any investor's portfolio.

Features of 48 Kensington Street

MLS® # 24067971
Price $599,900
Bedrooms 7
Bathrooms 4.00
Full Baths 4
Square Footage 3,404
Acres 0.27
Year Built 1900
Type Multi-Family For Sale
Sub-Type 4 Family
Style Other
Status Active

Community Information

Address 48 Kensington Street
Area N/A
City New Haven
County New Haven
State Connecticut
Zip Code 06511

Amenities

Parking None
Is Waterfront No
Waterfront Not Applicable
Has Pool No

Interior

Heating Hot Air, Hot Water, Natural Gas
Cooling None
Fireplace No
Has Basement Yes
Basement Full, Unfinished, Interior Access

Exterior

Exterior Vinyl Siding
Exterior Features Sidewalk
Lot Description Treed, Level Lot
Roof Asphalt Shingle
Foundation Masonry

School Information

Elementary Per Board of Ed
Middle Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed January 13th, 2025
Days on Market 31
Zoning RM2
RE / Bank Owned No

Listing Details

OfficeKW Legacy Partners

Listing Map

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