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16-18 3rd Street

Hamden, CT 06514
  • $525,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 24024025
UPDATED: 115 min ago
$525,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,116
    SQFT
  • $168
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Spacious, Fully Rented 3-Family Home with Excellent Income Potential This is an exceptional opportunity to own a spacious, fully rented 3-family home with outstanding income and cash flow. The property has been meticulously maintained and updated over the years, ensuring durability and reduced maintenance costs. Key updates include roof, furnaces, windows, and a modern 100 amp electric service with a house meter and emergency hallway lighting. The first and second units feature beautiful hardwood floors and high ceilings, while the third-floor unit is carpeted for added comfort. Located in a prime area, the home is close to shopping, public transportation, good schools, dining, and entertainment options. Easy access to local highways makes commuting a breeze. Financially, the property generates a monthly income of $46,800 annually, and a cap rate of 8.15%, making it a highly attractive investment opportunity. Whether you are an investor looking to expand your portfolio or a buyer seeking a property with excellent income potential, this fully rented 3-family home is a perfect choice. Schedule a viewing and explore the full potential this property has to offer.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-06-19T15:10:47.35.
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16-18 3rd Street Hamden, CT 06514

  • Price: $525,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 115 min ago
  • MLS #: 24024025
5
Beds
3
Baths
0
½ Baths
0.12
Acres
3,116
SQFT
$168
$/SQFT
1920
Built
Neighborhood:
Highwood
County:
New Haven
Area:
Hamden
Elementary School:
per board of ed
Middle School:
per board of ed
High School:
per board of ed
Property Description
Spacious, Fully Rented 3-Family Home with Excellent Income Potential This is an exceptional opportunity to own a spacious, fully rented 3-family home with outstanding income and cash flow. The property has been meticulously maintained and updated over the years, ensuring durability and reduced maintenance costs. Key updates include roof, furnaces, windows, and a modern 100 amp electric service with a house meter and emergency hallway lighting. The first and second units feature beautiful hardwood floors and high ceilings, while the third-floor unit is carpeted for added comfort. Located in a prime area, the home is close to shopping, public transportation, good schools, dining, and entertainment options. Easy access to local highways makes commuting a breeze. Financially, the property generates a monthly income of $46,800 annually, and a cap rate of 8.15%, making it a highly attractive investment opportunity. Whether you are an investor looking to expand your portfolio or a buyer seeking a property with excellent income potential, this fully rented 3-family home is a perfect choice. Schedule a viewing and explore the full potential this property has to offer.
Exterior Features

Color Cream Direct Waterfront YN No Driveway Type PrivateCrushed Stone Exterior Siding Aluminum Garage And Parking NoneOff Street ParkingDriveway Lot Description Level Lot Nearby Amenities Basketball CourtCommuter BusLibraryMedical FacilitiesParkPublic TransportationShopping/MallWalk to Bus Lines Parking Total Spaces 2 Roof Information Asphalt Shingle Style 3updown - Unit(s) per Floor Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Attic YN No Basement Description FullFull With Hatchway Cooling System Window Unit Fireplaces Total 0 Heat Type Gas on GasHot AirHot Water Home Automation Lighting Laundry Room Info Basement Hook-Up(s) Laundry Room Location Lower Level Basement Sq Ft Est Heated Above Grade 3116 Sq Ft Total 3116 Total Rooms 14 Total Rooms Multi Family 14

Property Features

Acceptable Financing FHAVACHFA Agent Owner YN Yes Bank Owned Property No Energy Features Thermopane Windows Flood Zone YN No Foundation Type BrickStone Fuel Tank Location In Basement Gross Annual Income 46800 Heat Fuel Type Gas In StreetNatural GasOil Home Owners Assocation No Home Warranty Offered YN Yes Hot Water Description Natural Gas40 Gallon Tank Intermediate School Per Board of Ed New Construction Type No/Resale Potential Short Sale No Property Sub Type 3 Family Radon Mitigation Air YN Unknown Radon Mitigation Water YN Unknown Sewage System Public Sewer Connected Tax Year July 2023-June 2024 Total Number Of Units 3 Water Source Public Water Connected Zoning R5

Listing information © 2024 Smart MLS
Listing provided courtesy of Julio Lopes of Encore Premier Properties: (203) 996-8204.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-06-19T15:10:47.35.
 
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