550 Whitney Avenue

New Haven, CT 06511

$4,200,000 PRICE
9 Beds
16 Baths
8,269 Sqft
0.55 Acres
1960 Built

550 Whitney Avenue is a 16-unit multifamily property located in the sought-after East Rock neighborhood of New Haven, CT. The property features 9 one-bedroom units and 7 studios. 2 of the studios are located on the top-floor with private roof decks. The property features off-street parking and a common laundry room. The property features strong value-add potentials. Renovations may significantly boost net income, energy efficiency, and property performance. The property already boasts brick exterior and private parking spaces. The property has great access to Yale campus, including the School of Management, Physics and Computer Science Department, as well as the planned Yale Science Building on Whitney and Edwards. Construction on the state-of-the-art Yale Science Building is already underway, presenting a potential boon for area multifamily properties, as demand for housing may grow with the campus expansion, and such expansion's potential impact on job growth. Its prime location boasts easy access to East Rock's vibrant boutique cafes and restaurants, as well as easy transport to nearby neighborhoods and towns. Tenants responsible for electricity. Ownership responsible for oil heating, water, and sewage.

Additional Information

ADDITIONAL INFORMATION

ACRES: 0.55
BASEMENT DESCRIPTION: Partial
GROSS INCOME: 316680
HIGH SCHOOL: Per Board of Ed
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 8,269
NEIGHBORHOOD: East Rock
PROPERTY TAX: $55,735
SEWER: Public Sewer Connected
STYLE: Other
TAX AMOUNT: $55,735
UNIT COUNT: 16
YEAR BUILT: 1960
YEAR BUILT DETAILS: Public Records
ZONING: RH1

INTERIOR FEATURES

BEDS: 9
FULL BATHS: 16
FURNACE TYPE: Oil
HEAT: Oil
HEAT FUEL: Oil
HOT WATER: Other
LAUNDRY ROOM: Coin Op Laundry, Common Laundry Area
ROOMS: 16
TOTAL BATHS: 16

EXTERIOR FEATURES

EXTERIOR SIDING: Brick
ROOF: Flat

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New Haven

Shoreline, Connecticut

New Haven, Connecticut’s second largest city, is rich in cultural, commercial and educational resources. The city is home to one of the nation’s leading schools, Yale University, and a host of cultural...

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William Pitt Sotheby's International Realty