6 Unit - Multi Bedroom Apartments - Rare Investment opportunity!

367 Howard Ave New Haven, CT 06519

367 Howard Ave, New Haven, CT, 06519
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FOR SALE
Property Type:
Other Special Purpose
Amount:
$1,150,000
Last Verified:
Dec 06, 2024

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Highlights

  • - Owner Financing Available
  • - 6,576 SF building with 6 units
  • - Built in 1910, renovated in 2024
  • - Zoned RM2 for versatile rental opportunities
  • - Prime location in the sought-after New Haven area
  • - Charming historic appeal with modern updates
  • - Potential for strong rental income
  • - Diverse unit configurations for varied tenant needs
  • - Well-maintained property with attractive curb appeal

Description

Indulge in the exceptional investment potential of this immaculately renovated property. Boasting a 6,576 SF building with 6 units, this historic gem, built in 1910 and refurbished in 2024, offers timeless charm and modern convenience. Situated in the sought-after New Haven area and zoned RM2, this property presents an unparalleled opportunity for a multifamily investor. Its prime location, combined with its impressive size and recent renovations, makes it a standout choice for those seeking to capitalize on the thriving rental market in the area. Embrace the promise of this distinguished property as the cornerstone of your real estate investment portfolio.

Immerse yourself in the rich tapestry of this newly renovated multifamily building. With its proximity to Yale University, the neighborhood attracts a diverse and thriving community, offering a plethora of cultural and educational experiences. Residents can explore the charming Wooster Square, known for its historic park and local dining gems, while also enjoying convenient access to the dynamic downtown scene, brimming with an array of shops, dining options, and entertainment. Embrace the allure of the nearby waterfront and the vibrant atmosphere of New Haven, making it an ideal location for a multifamily investment to add to your rental portfolio investment.


Year Built: 1910
Building Size: 6576sq ft
Lot Size: 0.16 acres

Map of 367 Howard Ave, New Haven, CT, 06519

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.