48 Dixwell Avenue Active Save Request In-Person Tour Request Virtual Tour
New Haven,CT 06511
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,854 sqft
Price per Sqft $222
MLS Listing ID 24069014
Style Units on different Floors
Bedrooms 8
Full Baths 4
Year Built 1910
Annual Tax Amount $16,938
Lot Size 5,227 Sqft
Property Sub-Type 2 Family
Property Description
****PRICE REDUCTION IS FOR 48 DIXWELL AVE ONLY NOW*** 48 Dixwell is 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 completed. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $113,500 bringing the CAP Rate to over 6.5%.
Location
State CT
County New Haven
Zoning RM2
Rooms
Basement Full,Heated,Fully Finished,Cooled,Concrete Floor,Full With Walk-Out
Interior
Heating Heat Pump
Cooling Split System
Exterior
Exterior Feature Sidewalk,Garden Area,Lighting,Patio
Parking Features None
Waterfront Description Not Applicable
Roof Type Flat
Building
Lot Description Level Lot
Foundation Stone
Sewer Public Sewer In Street
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Per Board Of Ed