CT > New Haven
New Haven, CT 06511,48 Dixwell Avenue
New Haven, CT 06511,48 Dixwell Avenue
New Haven, CT 06511,48 Dixwell Avenue
New Haven, CT 06511,48 Dixwell Avenue
New Haven, CT 06511,48 Dixwell Avenue
New Haven, CT 06511,48 Dixwell Avenue
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Andrei Balaj

Andrei Balaj

+1(203) 550-3606
$ 1,750,000
Est. payment | /mo

8 Beds

4 Baths

7,854 SqFt

Save
$ 1,750,000
Est. payment | /mo
Save

8 Beds

4 Baths

7,854 SqFt

Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,854 sqft

Price per Sqft $222

MLS Listing ID 24069014

Style Units on different Floors

Bedrooms 8

Full Baths 4

Year Built 1910

Annual Tax Amount $16,938

Lot Size 5,227 Sqft

Property Sub-Type 2 Family

Property Description

****PRICE REDUCTION IS FOR 48 DIXWELL AVE ONLY NOW*** 48 Dixwell is located within a 2-minute walk to Yale's Payne Whitney Gym, a 3-minute walk to Yale's Broadway Shopping District and the Apple Store, and a 4-minute walk to the upcoming Dixwell Plaza - New Haven's newest shopping and entertainment district (see picture). When fully developed consolidated site capable of generating $1 million+ in annual gross income. Opportunity is Ideal for investors seeking high returns, long-term capital appreciation, and an opportunity to engage in ground-up development in one of New Haven's most strategically positioned areas. Serious buyers are required to provide proof of funds (POF) before scheduling property viewings. A fully reconstructed four-story, two-family complex, with a ground-up renovation completed in 2021. Each unit features four bedrooms and two full bathrooms. High-end finishes include walk-in tiled showers, wall-hung toilets, and stainless steel appliances. Top-of-the-line LG Red mini split heating and cooling systems. Two levels white-box finished, offering easy-to-convert space to commercial or additional residential units. 48 Dixwell Phase 1 completed. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $113,500 bringing the CAP Rate to over 6.5%.

Location

State CT

County New Haven

Zoning RM2

Rooms

Basement Full, Heated, Fully Finished, Cooled, Concrete Floor, Full With Walk-Out

Interior

Heating Heat Pump

Cooling Split System

Exterior

Exterior Feature Sidewalk, Garden Area, Lighting, Patio

Parking Features None

Waterfront Description Not Applicable

Roof Type Flat

Building

Lot Description Level Lot

Foundation Stone

Sewer Public Sewer In Street

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 Joe Scarpellino • Coldwell Banker Realty

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agent
Andrei Balaj

Real Estate Agent

+1(203) 550-3606

1055 Washington Blvd, 6th Floor, Stamford, CT, 06901

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48 Dixwell Avenue