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Listed price in listed location currency (USD).
$1,419,000

894

MLS® 24207540

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 5222 sqft
Garage 
Taxes $22,611
Days Active 6
Lot Size 0.1 Acres
Approx. Age 1900
Avg. Price Per Sqft $271
MLS® Number 24207540

Property Address: 522 Elm St, New Haven, CT, 06511-4546

Average square foot calculated using Size range provided by listing agent.

Description

Renovated 9-Unit Multifamily | 7 of 9 Occupied | ~7.0% Stabilized Cap | ~9.0% Pro Forma Cap | Near Yale New Haven Hospital 522 Elm Street offers an opportunity to acquire a newly renovated 9-unit multifamily property on a corner lot near Yale New Haven Hospital and downtown New Haven. Featuring 2 studios, 6 one-bedroom units, and 1 two-bedroom unit, the property is currently 7 of 9 occupied with immediate lease-up potential. Extensively renovated units feature hardwood flooring, bright layouts, updated kitchens with quartz countertops, modern cabinetry, and stainless steel appliances. Electric heat, natural gas hot water, and gas cooking. Tenants pay individual gas and electric; landlord pays water/sewer and common electric. Additional income potential through installation of coin-operated laundry in the basement. Conveniently located near Yale New Haven Hospital, Yale University, downtown, and the major Adams Neurosciences Center expansion at the Saint Raphael Campus. Strong rental income with significant upside! Approximately 7.0% stabilized cap based on projected lease-up and a potential 9.0% pro forma cap upon achieving projected market rents. Buyer to verify all income, expenses, and projections.
MLS® Number24207540
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull, Unfinished
DrivewayPaved, Off Street Parking
Garage Spaces
HeatElectric, Baseboard
A/CWindow Unit

Extras

Price History

Last Sold Price

$1,078,000$1.1M

Appreciation

--

Avg. Days Listed

83 days

Today, For Sale for $1,419,000

For Sale · 6 days

$1,419,000

MLS® 24207540

6 days ago

Not Sold Yet

September 2026, For Sale for $1,419,000

For Sale · 6 days

$1,419,000

MLS® 24207540

6 days ago

Not Sold Yet

November 2024, Sold for $1,078,000

Sold · 83 days

$1,078,000$1,150,000

MLS® 24043389

2 years ago

Sold on Nov 23, 2024

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