About 186 York Street
Rare turnkey LEGAL three-family offering strong income, extensive recent improvements, and flexibility for both investors and owner-occupants. This 8-bedroom property features a 2-bedroom first-floor unit and two 3-bedroom units on the second and third floors. The first and second floors have been fully renovated with updated kitchens featuring quartz countertops, renovated baths, flooring, windows, insulation, and modern finishes. Major capital improvements include approximately one-year-old mechanicals and water heaters for all three units, new Roth oil tanks for the second and third floors, new windows, spray-foam insulation, brand-new driveways, and new front and rear walkways. The first floor features efficient heat-pump heating and cooling, while the second and third floors each offer a wood-burning fireplace. Separate utilities, off-street parking, a fenced yard, and a low-maintenance exterior add to the property's appeal. The first floor is rented at $1,900/month, the renovated second floor is being marketed at $2,400/month, and the third floor has a long-term tenant paying $2,000/month, providing potential gross income of approximately $6,300/month at current and marketed rents, with a pro forma of approximately $7,000/month. Conveniently located near the VA Hospital, University of New Haven, I-95, Metro-North, and area amenities, this is an excellent opportunity to acquire a well-improved multifamily with strong rental fundamentals and minimal deferred maintenance.
