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 |
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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 |
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Area | N/A |
City | New Haven |
County | New Haven |
State | Connecticut |
Zip Code | 06511 |
Amenities
Utilities | Electric, Gas, Telephone, Cable |
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Is Waterfront | No |
Has Pool | No |
Interior
Heating | Heat Pump, Electric |
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Cooling | Heat Pump |
Fireplace | No |
Has Basement | No |
Exterior
Exterior Features | Lighting |
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Lot Description | Cleared |
Roof | EPDM Synthetic Rubber |
Foundation | Concrete |
Additional Information
Date Listed | January 22nd, 2025 |
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Days on Market | 18 |
Zoning | RM2 |
RE / Bank Owned | No |
Listing Details
Office | Coldwell Banker Realty |
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