Active

91 Spring Street

New Haven CT, 06519

$370,000


$146.25 per sqft

Active

7 Beds

3 Baths

2,530 sqft

Multi-family

Built in 1900

This 3-unit multifamily investment presents a strategic opportunity for investors looking to unlock significant value. With two 2-bedroom units and one 3-bedroom unit, and tenant-paid utilities, the property offers immediate potential for equity growth. Two vacant units provide a chance for targeted renovations, allowing investors to enhance the property and bring rents to market levels. Recent closed comparables, such as 64 Spring St at $425k, 18 Dewitt St at $485k, and 246 Columbus Ave at $510k, indicate a $46k-$131k value gap, making this asset an attractive investment with substantial upside.

24034994

MLS ID

July 25, 2024

Listed

December 18, 2024

Updated

Map

91 Spring Street
New Haven CT, 06519

Interior Features

Bedrooms

7


Total Bathrooms

3


Full Bathrooms

3


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas, Oil, Forced Air

Exterior/Building Features

Lot Size

0.05 Acres


Lot Features

Level


Architectual Style

Units on different Floors


Roof

Asphalt


Sewer

Public Sewer

School Information

High School

Per Board of Ed


Elementary School

Per Board of Ed

Other Property Details

Area Name

N/A


Taxes

$5,611


Tax Frequency

Annually


Days on Market

148


Garage

No


Parking

None


View

No


County

New Haven


Water Source

Public


Pool

No


Zoning

RM2

Listing History

Date

Event

Price

12/3/2024

Price change

$370,000

-3%

9/30/2024

Active

9/23/2024

Under contract

Listed by Lisa Cozzi with Berkshire Hathaway NE Prop.

Listing Contact:  

The IDX display contains information sourced from the  Smart MLS, Inc as of 12/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/18/2024 at 5:28 PM UTC

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