Daniel Farrohi - Christine Norcross & Partners
377 Peck Street, New Haven, CT, 06513
10 rooms
5 beds
2 Full / 1 Half baths
1997
Units are Side-by-Side
2,128 sqft
Investing in multi-unit residential properties indeed presents a unique opportunity for portfolio diversification and wealth generation. The immediate cash flow from rental income provides a steady stream of revenue, which can be particularly attractive during periods of market volatility. Additionally, the potential for asset appreciation over time can result in significant capital gains. The varying unit sizes in a two-unit building allow for flexibility in tenant demographics, which can lead to lower vacancy rates and a broader appeal in the rental market. Strategic updates and regular maintenance not only preserve but can enhance the property's value, making it an attractive proposition for both current income and future resale. It's a tangible asset that, with proper management, can yield substantial returns while providing housing solutions-a fundamental need in any community.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Basement Hook-Up(s)
Units:
2
Zoning:
IH
Heating:
Hot Water
Cooling:
None
Basement:
Full
Acreage:
0.14
Est. Taxes:
$5,823
Assessment
$156,520
Lot Description:
Level Lot
Elementary School:
Per Board of Ed
Middle School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
41
MLS #:
24010226
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2024 SmartMLS, Inc.
Listing courtesy of James Montanaro, Coldwell Banker Realty Email: james.montanaro@cbmoves.com