$ 520,000
50 Liberty Street New Haven, CT 06519
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$ 520,000
Est. payment /mo
Price Dropped by $20K
50 Liberty Street New Haven, CT 06519
7 Beds
3 Baths
2,730 SqFt
UPDATED:
09/18/2024 06:28 PM
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,730 sqft
Price per Sqft $190
MLS Listing ID 24010172
Style Units on different Floors
Bedrooms 7
Full Baths 3
Year Built 1910
Annual Tax Amount $5,872
Lot Size 2,613 Sqft
Property Description
Investing in multi-unit residential properties can be a strategic move for those looking to diversify their investment portfolio. A three-unit building, such as the one described, offers a blend of immediate revenue through rental income and the prospect of asset growth over time. The variety in unit sizes-from two bedrooms on the lower floors to a more spacious three-bedroom unit encompassing the third and fourth floors-caters to different tenant needs, potentially reducing vacancy rates. Regular maintenance and updates are critical in preserving the property's value and appeal, which this building seems to have benefitted from. Moreover, the property's ability to accommodate various living arrangements makes it a versatile choice for investors aiming for both short-term gains and long-term capital appreciation.
Location
State CT
County New Haven
Zoning RM2
Rooms
Basement Full
Interior
Heating Hot Air
Cooling None
Exterior
Garage 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
Listed by James Montanaro • Coldwell Banker Realty