48 Dixwell Avenue,New Haven, CT 06511
New Haven, CT 06511
Description
****PRICE REDUCTION IS FOR 48 DIXWELL AVE ONLY NOW*** 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 $110,00 bringing CAP Rate to 6.3%.
Details
| MLS# | 24092415 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1910 |
| Days On Site | 14 |
| Listing Provided By | Coldwell Banker Realty | Joe Scarpellino |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 5,973 |
| Basement | Y |
| Units | 2 |
| Zoning | RM2 |
| Acreage | 0.12 |
Market Activity 06511
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06511 |
| Area | New Haven |
| Listing VS Median (in 06511) | |
Price: $1,750,000 low | high Med: $3,000 SqFt: 5,973 low | high Med: 1,400 $ / SqFt: $293 low | high Med: $2 On site: 14 low | high Med: 42.000000 | |