21 Young StNew Haven, CT 06511

Property Details for 21 Young St

Year built

1900

Lot size

0.15 AC

Property size (Sq ft)

2,592 SF

Zone code

RM2

Property type

Residential income properties

Property subtype

Residential income homes

APN

NHVN M:353 B:1148 L:01600

APU

NHVNM353B1148L01600

Description

Exceptional investment opportunity in New Haven, Connecticut's desirable Beaver Hills neighborhood, presenting a 2-story, 1-unit multifamily property at 21 Young Street, 06511. This 2,592 square foot building, constructed in 1900, offers a compelling blend of classic charm and modern rental potential. Currently configured as a single-family rental, the property boasts off-street parking. The asking price is $550,000, translating to $212.19 per square foot. The property's location provides easy access to Hamilton Park, the Connecticut Open tournament, and the scenic West River. One unit is currently vacant and ready for immediate occupancy, while others command monthly rents ranging from $940 to $1191, with one lease expiring May 31, 2024. Tenant-paid utilities further enhance the property's financial appeal. This property is ideal for owner-occupants or investors seeking a stable, cash-flowing asset in a vibrant urban setting. The property's strong rental history and convenient location make it a highly attractive investment prospect. This is a rare opportunity to acquire a well-maintained property in a sought-after neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $531,383

  6.5%

  $490,508

  7%

  $455,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $524,940

  Geo Method

  $524,940

• Alternative Use

  Use

  Valuation

  Residential

  $490,508

  Hospitality

  $449,302

  Educational

  $373,814

  Medical

  $386,670

  Retail

  $581,489

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.3223

Longitude

-72.9515

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.