New Haven, CT 06513,377 Peck Street

$450,000

$440,000

2.3%
Est.Price: ?

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Est. payment /mo

5 Beds

3 Baths

2,128 SqFt


SOLD DATE : 06/26/2024

Key Details

Sold Price $450,000

Property Type Multi-Family

Sub Type 2 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,128 sqft

Price per Sqft $211

MLS Listing ID 24010226

Sold Date 06/26/24

Style Units are Side-by-Side

Bedrooms 5

Full Baths 2

Half Baths 1

Year Built 1997

Annual Tax Amount $5,823

Lot Size 6,098 Sqft

Property Sub-Type 2 Family

Property Description

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.

Location

State CT

County New Haven

Zoning IH

Rooms

Basement Full

Interior

Heating Hot Water

Cooling None

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by James Montanaro • Coldwell Banker Realty
Bought with Santiago Jaraba Chacon • eRealty Advisors, Inc.

GET MORE INFORMATION

Name

Phone*

Message

Santiago Jaraba

+1(203) 278-3121

s.jaraba@whitestoneregroup.com