Address
151 Fitch Street New Haven, CT
Price
$ 1,870,000
Property Attributes
  • MLS#170252303
  • TypeMulti-Family
  • CountyNEW HAVEN
  • CityNew Haven
  • Zip06515
  • StyleUnits on different Floors,Units are Side-by-Side
  • Year Built1900
  • Taxes15795
  • Price$ 1,870,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12880
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
Broder Commercial, LLC
Property Description

Student Housing / Young Professional Suites Excellent Cash Flow - Located 1/3 of Mile (5 Min Walk) to SCSU (Southern CT State University). 6 Houses/Townhouses Rented as 24 Private Suites – Mix of Studios, 1 Bed, and 2 Bed Suites all with Private Baths and some Kitchenettes. Suites have a Central Shared Kitchen and Living Room. All Furnished Living Rooms and Optional Furnished Bedrooms. All Units Updated with new Kitchens, Baths, Wood/Laminate Flooring, and Freshly Painted. All new Heating Systems in 4 of the 6 Buildings. Unit Amenities in 4 of 6 Buildings Include Small Gym, Rec Area with Pool Table, Study/Conference Room, Movie Theater Room, Laundry Room and Storage Space. Total Livable Area is 14,440 SF with Gross Area Totaling 19,884 SF to Include Basement Amenities. Tenant Mix Consists of Approximately 47% Students, 28% Young Professionals, 14% Amazon Employees and 11% Local Work Force. Now that Construction & Renovations have been Completed, there is Strong Potential for 100% Student Housing Occupancy in the Fall of 2020. Actual CAP Rate of 8.9% with an ROI of 16.8%. Financial Analysis with Rent Roll will be Released Upon Receipt of Signed Confidentiality Agreement.

Elementary School Middle School High School
Per Board Of Ed Elementary School Per Board Of Ed Middle School Per Board Of Ed High School
Price History
11/13/2019 Listed $2,075,036
1/28/2020 10% - $1,870,000

General Features

Elementary School Per Board of Ed
High School Per Board of Ed
Intermediate School Per Board of Ed
Middle School/High School Per Board of Ed
Neighborhood Westville
New Construction Type No
Property Sub Type 5 Family+
Property Type Multi-Family For Sale
Status Active
Style Units on different Floors, Units are Side-by-Side
Tax Year July 2019-June 2020
Year Built 1900
Year Built Source Approximate
Zoning RM1

Interior Features

Attic Description Finished
Basement Description Fully Finished
Cooling System None
Fuel Tank Location Non Applicable
Heat Fuel Type Natural Gas
Heat Type Baseboard, Hot Water
Hot Water Description Natural Gas
Laundry Room Info Washer/Dryer All Units
Sq Ft Est Heated Above Grade 12880
Sq Ft Total 12880
Total Baths 0.00
Total Numof Units 6

Exterior Features

Acres 0.5000
Driveway Type Paved, Asphalt
Foundation Concrete
Garage Parking Info Paved, Off Street Parking
Garages Number 18
Lot Description Sloping Lot
Roof Information Shingle
Sewage System Public Sewer Connected
Siding Vinyl Siding
Water Source Public Water Connected
Waterfront Description Not Applicable

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 06515

Price
AVG $740K
$1.87M
Taxes
AVG $9,532
$15,795
Visits
AVG 32
104
Year Built
AVG 1913
1900
Walkscore
AVG 67
62
Data Provided by Walkscore ® not using MLS data

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