48 Dixwell Avenue, New Haven, Connecticut

$2,100,000

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2

Baths

5,973

Square feet

0.12

Acres

About 48 Dixwell Avenue

Portfolio sale offering a rare investment opportunity at Yale University! Two abutting properties at 48 and 54 Dixwell Avenue, located within a 2-minute walk to Yale's Payne Whitney Gym, a 3-minute walk to Yale's Broadway Shopping District and the Apple Store, and a 4-minute walk to the upcoming Dixwell Plaza - New Haven's newest shopping and entertainment district (see picture). When fully developed consolidated site capable of generating $1 million+ in annual gross income. Opportunity is Ideal for investors seeking high returns, long-term capital appreciation, and an opportunity to engage in ground-up development in one of New Haven's most strategically positioned areas. Serious buyers are required to provide proof of funds (POF) before scheduling property viewings. A fully reconstructed four-story, two-family complex, with a ground-up renovation completed in 2021. Each unit features four bedrooms and two full bathrooms. High-end finishes include walk-in tiled showers, wall-hung toilets, and stainless steel appliances. Top-of-the-line LG Red mini split heating and cooling systems. Two levels white-box finished, offering easy-to-convert space to commercial or additional residential units. 48 Dixwell Phase 1 complete. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $100,000+54 Dixwell fully occupied with annual NOI of over $20,000 - bringing CAP Rate to over 6%.

Features of 48 Dixwell Avenue

MLS® # 24070069
Price $2,100,000
Bathrooms 2.00
Full Baths 2
Square Footage 5,973
Square Footage Owner
Acres 0.12
Year Built 1910
Type Commercial For Sale
Status Active

Community Information

Address 48 Dixwell Avenue
Area N/A
City New Haven
County New Haven
State Connecticut
Zip Code 06511

Amenities

Utilities Electric, Gas, Telephone, Cable
Is Waterfront No
Has Pool No

Interior

Heating Heat Pump, Electric
Cooling Heat Pump
Fireplace No
Has Basement No

Exterior

Exterior Features Lighting
Lot Description Cleared
Roof EPDM Synthetic Rubber
Foundation Concrete

Additional Information

Date Listed January 22nd, 2025
Days on Market 18
Zoning RM2
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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